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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta) > COGS and CAPEX way up
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Post by Stavkoton May 09, 2022 10:39am
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Post# 34666725

COGS and CAPEX way up

COGS and CAPEX way up
I'm not too optimistic that we'll be able to see the full free cash flow that was projected earlier this year. I'm not talking about CJ specifically but from personal experience it is getting very hard to get anything done on time and within initial budgets. Also labour, transport and energy costs have gone up big. I'm estimating Q1 below $60mm and debt at over $125mm. Still think that CJ and energy is the best place to invest extra money right now.
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