{"id":657972,"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.com\/index\/657972","title":{"rendered":"Playing the Cardium"},"content":{"rendered":"<p>Everything that\u2019s old is new again, including parts of western Canada\u2019s largest oil pool.&nbsp; <\/p>\n<p>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.&nbsp; Peters &amp; 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<p>Fair enough. But, hey, sometimes you sweeping statements are helpful.<\/p>\n<p>\u201cNevertheless, as long as oil prices remain high (&gt;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<p>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<p>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.&nbsp; <\/p>\n<p>Among companies operating in the unconventional Cardium Garrington zone, Peters\u2019 top picks are NAL Resources, and Wild Stream Exploration Inc.&nbsp; <\/p>\n<p>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<p>Finally, the Calgary-based independent brokerage favours Bonterra, PetroBakken, Daylight Resources Trust Ltd., and Vermilion Energy Trust in the unconventional Cardium Pembina West group.&nbsp; <\/p>\n<p><a href=\"mailto:ctait@nationalpost.com%20\">Carrie Tait <\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=392944\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everything that\u2019s old is new again, including parts of western Canada\u2019s largest oil pool.&nbsp; 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.&nbsp; Peters &amp; Co. published a 54-page guidebook on the Cardium this week, and [&hellip;]<\/p>\n","protected":false},"author":2570,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12076,4821],"tags":[],"class_list":["post-657972","post","type-post","status-publish","format-standard","hentry","category-energy","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2Las","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/657972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/2570"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=657972"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/657972\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=657972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=657972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=657972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}