I have been looking forward to $CJ Cardinal Energy to sanction an increase of their Reford II SAGD nameplate capacity from 4,250 to 6,000 BOE/Day 🥂 *incremental cost of 40M *no change in project timeline > first steam in summer of 2027 > ramp up to nameplate capacity early Q4/2027 *currently producing about 25,500 BOED *with added conventional production of 1,000 BOED through the drillbit by year end, and 6,000 from Reford II reached at nameplate, thus could put Cardinal in the 32,500 BOED mark come Jan 1/2028 👏🤠🤠🤠 Cardinal is a leader in these modular mini SAGD Projects! It gives them a unique niche to fill and transforms them into a far more sustainable, low decline, longer life “manufacturer” of oil 👍🏻 Looking at the newest September Investor Presentation, you can see opportunities for further growth in the SAGD area *Kelfield for 4,000 to 6,000 BOED *Handel-Sparky - an exciting new heavy oil pool being delineated with indications of an 8,000 BOED resource 💥💥💥💥 Cardinal Energy is one of my 3 Energy Conviction Buys and this news makes their story even more compelling. Any other happy CJ holders out there?💥💥💥 Energy makes ALL of Canada 🇨🇦 Stronger & Independent 👍🏻Never a 51st State 🤮🤢🤮
334 views
5 Comments
Dashnor Hasku@cankos · 23d
I have 2000 units at 11.40. Love the stock and monthly dividends!
Julie
@livingmylife · 23d
Good Morning: I’m feeling really old. Back in the day this would take me days to create. So I’m not going to lie I have recently started using CHAT gpt and created this chart. Feedback? I’ve also created an alert to keep me updated on world news that could affect my Canadian oil. Again another great post. Thank you
Michael Noël
@therev · 23d
See the full comment section 👀Sign up for the full Blossom experience!
