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.

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Cardinal Energy Ltd (Alberta) > For every rustic/deckdude nonsense post here

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Comment by Tradestayon Nov 28, 2022 12:12pm

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Post# 35133998

RE:For every rustic/deckdude nonsense post here

Its too early to know, Opec next meeting is pending. Christmas Demand and Travelling is not yet understood, China can repoen, earlier than expected now. Don't know how russia is going to respond to oil Cap. Lots of Bullish things on the table. Q4 will be interesting they will shave off more debt. They have room to pivot and lower Capex and ARO because that Capex includes a growth wedge so room to lower and run production flat is there.

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