Cardinal Energy Ltd (Alberta) T.CJ

Not bad...

[masfortuna]

We all knew they had hedged a large portion from January until June, but it looks like the second half of 2021,  hedging is less than 50% of what it was in the first half ( 39% vs 16%) and no hegdes yet for 2022.  So if you are "long" on oil (2023 at least) we should really start to swing upwards every quarter from here on out.
Mas

[raven16]

Mas,Can You Share Your Thoughts On 2021 annualized adjusted funds flow ratio to be below 1.0x."

[masfortuna]

Simple...They will have more funds than what they will know what to do with lol!. All kidding aside Raven I am actually heading to bed so I will take a look for you tomorrow and comment on it over my lunch break. Mas

[masfortuna]

Ok Raven.  I had a chance to look at the statements again. To answer your question, many companies atttempt to have their annual adjusted fund flow at a 1:1 ratio. From what I can derive from the statement, Cardinal will actually have a lower than 1:1 ratio. I can only attribute this to the uncertainty of the commidity price, and the hedges in place. Based on the revenue they expect to

[masfortuna]

Sorry but I hate TYPOS Commodity and not commidity...lol

[raven16]

Mas,Thanks For Getting Back To Me,It Sounds Positive To Me But The Market Thinks Differently Only Today.Cheers

[pantonor]

This post has been removed in accordance with Community Policy

[kavern23]

I agree it is not bad. Definitely on track and much better then Q1.