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) > Nutall on bmn

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Comment by lashingon Aug 24, 2023 2:34pm

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Post# 35604146

RE:RE:Nutall on bmn

yeah he said GXE was good to 75 and same about float. WRONG

CJ payout was 105% last quarter ... av oil was about $75 so again WRONG

Ignore at your own peril. Company results are right in front of you, no need to speculate or "ask Eric"

caretired1 wrote: He said they are good to about $65 oil to keep the divi but doesnt like their shorter reserve life.
He doesnt own it or option it because the float is too small

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