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) > 7 Cents

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Comment by JayBankson Jul 28, 2022 8:12pm

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Post# 34858718

RE:7 Cents

RusticHit wrote: looks like 7 cents leaked

egee wrote: .075 to be precise

Seems like this was a fail...

I expected the increase on earnings myself too, but they say they will look at it next quarter... maybe the increase will be an off quarter announcement...

Theoretically, they had 103,318 in FCF the past 3 months = that's 34,440/month, if 50% is going to debt = 17,220 , that would mean they are below the 50 million noted end of this month..

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