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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 masfortunaon May 09, 2022 10:46am
134 Views
Post# 34666763

RE:COGS and CAPEX way up

RE:COGS and CAPEX way upSo you think they "missed" by 50%? With oil avg. higher than their model? And you add that you think it's ok?  How did you come up with that 60 million? Transport costs in that area have gone up 5% (BIG by your wording).  Not sure I agree with you on any level but it almost smells like a soft attempt at misleading the board...
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