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) > PAY DEBT. NO 1

<< Previous

Bullboard Posts

Next >>

Comment by Coolsonon Aug 21, 2022 3:40pm

234 Views

Post# 34910175

RE:RE:RE:RE:PAY DEBT. NO 1

Easy math shows sensitivity 6m per 1$ wti movement. So if average price drops by 20$ it will be around 120m per year less fcf = 30m per quater. That is why conservative investor should assume 55-60 m fcf for 3 quater and no buybacks if they want to pay down debt...

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec