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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) > Earnings?
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Comment by JayBankson Nov 06, 2023 10:14pm
272 Views
Post# 35720679

RE:RE:RE:RE:RE:RE:RE:Earnings?

RE:RE:RE:RE:RE:RE:RE:Earnings?

JayBanks wrote:

Earnings are in, just no news release yet...


Net Debt dropped 14M 
AFF went from 56.2 - 81.2 M
WTI Average went from 73.78 - 82.26
Production up over 800 Boe/d over the quarter but still essentially flat just under 22,000

Doesn't look like a regular dividend change...


 

On the Net Debt number: 9 million came off the bank debt, I did expect more... but they might have been setting up for the new asset purchase...

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