Cardinal Energy Ltd (Alberta) T.CJ

23 Plan #s

[caretired1]

Can someone remind me the plan WCS price and the US fx rate in CJ's plan  I can't seem to find it on their site - I recall 80 oil had $7 of cushion in it and I seem to think they planned on $62 wcs but can't find it.  Any help would be appreciated.

[Playacar]

Good luck in trying to find this information.   I have emailed cardinal twice about there poor company presentation It's the worst I have ever seen. They didn't even reply.  The public relations officer should be fired.  Over the past two years there prevention has gotten very poor.   At one time they used to show the sensitivity to different oil price range.  

[caretired1]

Well I know the numbers have been talked about on this boiard but the search options are none so I'm having to ask

[Quintessential1]

I think this is what you are looking for.  It won't copy and paste but its on page 8. Maybe someone that is better at posting things to this site (I personnally find it a PITA) can add it again. https://cardinalenergy.ca/wp-content/uploads/2023/01/Winter-Corporate-Presentation-2023-FINAL.pdf Do remember that although the search options on this site stink, googles are unlimited. GLTY

[Quintessential1]

Or maybe this blurb is easier to use: "For 2023, we will continue with a prudent financial plan that will allow the Company to show a 3% year over year average production growth on a $97 million capital budget. Our budget is based on an oil price of US$80 WTI and our sensitivity to a US$1 change in WTI is approximately $7 million in adjusted funds flow." Page 5 https://cardinalenergy

[caretired1]

This is spot on what I was looking for.  Lots of positives thru August and Sept and I expect q4. Thanks for finding and posting it and thanks for the google reminder. On a separate note, any thoughts on some speculation US gasoline prices hit $6 average for their Thanksgiving?  That would be a wild ride up from here.

[Quintessential1]

Glad it was what you were searching for.  I kind of recalled one that had different WTI pricing and generated FCF based on them but could not locate it. With regards to gasoline pricing, I read a blurb that winter blends are cheaper than summer blends so it would help ease gas prices a little plus gasoline demand drops a little after summer vacation travelling ends too.  It would be