{"id":293266,"date":"2010-02-08T07:56:00","date_gmt":"2010-02-08T12:56:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:392944"},"modified":"2010-02-08T07:56:00","modified_gmt":"2010-02-08T12:56:00","slug":"playing-the-cardium","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/293266","title":{"rendered":"Playing the Cardium"},"content":{"rendered":"

Everything that\u2019s old is new again, including parts of western Canada\u2019s largest oil pool.  <\/p>\n

The Cardium zone has been catching much attention lately, thanks to new technology that is allowing oil and gas outfits to get at hydrocarbons otherwise beyond their reach.  Peters & Co. published a 54-page guidebook on the Cardium this week, and it came with this warning: \u201cThe recent focus has been on unconventional opportunities in the Cardium, with a proliferation in blanket statements and assumptions concerning the zone.\u201d<\/p>\n

Fair enough. But, hey, sometimes you sweeping statements are helpful.<\/p>\n

\u201cNevertheless, as long as oil prices remain high (>US$75 per barrel), activity levels will mirror the commodity price and, although the long-term economics can still be debated, the payouts appear short (~32 months at US$75 per barrel), thereby limiting the economic downside,\u201d the report said.<\/p>\n

Peters believes it is \u201ccritical\u201d to distinguish between conventional and unconventional opportunities in the Cardium, and that medium-sized entities have the best shot at making a go of it.<\/p>\n

The break-even price for the play, Peters estimates, is about US$53 to US$64 per barrel, with the east Pembina coming in at the low end, and its western counterpart at the top.  <\/p>\n

Among companies operating in the unconventional Cardium Garrington zone, Peters\u2019 top picks are NAL Resources, and Wild Stream Exploration Inc.  <\/p>\n

Bonavista Energy Trust Ltd., Bonterra Energy Corp., and PetroBakken Energy Ltd. are Peters\u2019 favourites among those in the unconventional Cardium Pembina East category.<\/p>\n

Finally, the Calgary-based independent brokerage favours Bonterra, PetroBakken, Daylight Resources Trust Ltd., and Vermilion Energy Trust in the unconventional Cardium Pembina West group.  <\/p>\n

Carrie Tait <\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Everything that\u2019s old is new again, including parts of western Canada\u2019s largest oil pool.  The Cardium zone has been catching much attention lately, thanks to new technology that is allowing oil and gas outfits to get at hydrocarbons otherwise beyond their reach.  Peters & Co. published a 54-page guidebook on the Cardium this week, and […]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,7],"tags":[],"class_list":["post-293266","post","type-post","status-publish","format-standard","hentry","category-energy","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/293266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=293266"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/293266\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=293266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=293266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=293266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}