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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) > Last call...
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Comment by red2000on May 12, 2022 5:56pm
271 Views
Post# 34679635

RE:Last call...

RE:Last call...Well well well !!!

For my point of view, it's very good results !

https://finance.yahoo.com/news/cardinal-energy-ltd-announces-first-210000478.html

Best quarter ever is coming in Q2 !!!
Less CAPEX in Q2, CAPEX for the rest of the year only 45 M$ !
See Corporate presentation here : https://cardinalenergy.ca/wp-content/uploads/2022/05/May-Corporate-Presentation-Final-to-Website.pdf

WTI and WCS still UP 20% compare to Q1 !
Unhedged for the rest of the year !!!!

Also nice wells results in Clearwater bbl/d close to Baytex wells !!!
Decline wells still under 10%, Top 3 of the CDN energy producers

And the icing on the cake ...Added 5 cents per month of DIv. !!!

I think we have another good stallion here !!!

Please do your DD it's your money !!!
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