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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

Post by Sirlostaloton Aug 24, 2022 1:13pm
342 Views
Post# 34917551

Interesting comments

Interesting commentsIf Cj indicated they had current dividend, and all in production costs as well as periodic debt repayment covered at 55 wti threshold, and that threshold declining  slightly as debt/interest is paid down would it not be fair to say at a conservative 2H 2022 average of 85 wti ( 2 months already past well in excess of this level) the following numbers might be realized 85 - 55 = $30 x 22000(bpd) x30(days)x6(months) for a total of 119 million over second half , subtracting 62m for debt and 30m increased capex would leave 27m for increased shareholder returns , a 3 cent a month increase for Oct/nov/dec would cost ~13.5 m , maybe my numbers are all wrong or too simplistic but it would seem Cardinal could please everyone as long as wti stays north of 80 and production is stable.
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