Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF | T.CJ.WT | T.CJ.DB

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) > Show me the Money!...Part2

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Comment by caretired1on Jan 04, 2025 11:32am

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Post# 36387369

RE:Show me the Money!...Part2

My read is besides baking in capital buffers while spending on SAGD #1, with this new capital and expected FCF annually from SAGD 1, they have fully funded the costs for SAGD #2 Kelford, which they have not yet fully approved or committed to. Managing is what they do well and SAGD development is a skillset they have. SAGD has a good offtake with the new pipe and price spreads have come in as expected and should stay.

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