CRLFF News and Press, Cardinal Energy Ltd From 09/11/21

Cardinal Energy is a low-cost producer seeing its cash flows explode at the current oil price. The company survived 2020 when the situation looked ugly as its balance sheet contained quite a bit of debt. The future looks bright, but perhaps I'd like to see more hedges to protect t...

Higher oil prices will improve cash flows. Hedge book losses will be nominal, if any. Cardinal has raised its capital budget. For further details see: Cardinal Is Setting Up For A Strong Q2

In this article, I look under the hood of Canadian small-cap producers Cardinal Energy and Yangarra Resources for comparative analysis. Cardinal assets are more developed, have low-decline and relatively high-costs. It may cater to high-yield income investors if the dividends are rest...

At today's oil and gas prices, I expect Cardinal to turn in a free cash flow of CAD $120 million annually. Cardinal has just over CAD$200 million in debt, and I expect debt reduction to be its priority for its free cash flow. On a track to be debt-free by the end of 2022, Cardinal...

Cardinal Energy is so far one of the best turnaround stories in the Canadian oil patch. The company just released their 2020 annual report and an updated investor presentation deck. I update my price target at the end given everything that has happened. For further details s...

Total output from Western Canada has returned to pre-pandemic levels and is forecast to rise. Transportation capacity bottleneck should be alleviated as pipeline capacity increases by nearly 1 MMbbl/d in the next few years. Could lead to higher WCS prices in a tightening market. ...

The small Canadian oil producer survived the depressed oil prices in 2020. The company will keep focusing on dealing with its debt load. Going forward, the risk/reward ratio seems attractive. For further details see: Cardinal Energy: Strong Torque To Oil Prices

Cardinal Energy is a Canadian small cap oil and gas company that has had a very bad year (as well as very bad 5-years). The stock is deeply undervalued but also risky. The company just did a private placement (details below). Market is loving it (so far) as it removes immediate ba...

Cardinal Energy (CRLFF): Q3 GAAP EPS of -$0.04.Revenue of $61.98M (-35.1% Y/Y)Press Release For further details see: Cardinal Energy reports Q3 results

Introduction I have been a shareholder of Cardinal Energy ( CRLFF ) for several years and appreciated the company’s dividend cuts to protect the balance sheet a few years ago when the oil prices collapsed. Upon the price of the black gold having returned to normal levels, the di...