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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Comment by gmf1001on May 06, 2022 11:36pm
296 Views
Post# 34664071

RE:Divy...

RE:Divy...I'd certainly like that .07, but if you read my last post, I think it's too optimistic given that the contracted Q1 average was only $80.  Q2 contracted average is almost in the bag at this point (84% complete) with an average of  nearly $105.   So given that management of these companies lean towards being conservative I expect .05 - and I'd be happy with that to start - with the expectation that it will get a boost after the Q2 earnings.  Q2 is going to be massive for CJ and most  others (depending on amount of hedging in the various companies).  We're going to get paid big but my best guess is that it will ramp.
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