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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.


TSX:CJ - Post by User

Comment by JelrakTBon Jan 14, 2020 11:10am
81 Views
Post# 30550919

RE:RE:RE:RE:RE:RE:RE:RE:Simple Question

RE:RE:RE:RE:RE:RE:RE:RE:Simple Question
yggdrasilll wrote:
JelrakTB wrote:
Which any raw-goods producing country would naturally front-load for those other nations taking advantage of the energy required to extract such resources. Canada provides the world with more raw materials per capita, rather than any flagrant disproportionate largess--yet the latter is what usage of this percentage typically implies.

Further, our climate plays a reasonable role in ensuring that we will always expend more energy merely to survive than a nation closer to the equator...though with enough Global Warming, one might reasonably assume this cost to be reduced naturally over time.

It's not just our industry. Canada, as a developed nation, consumes much more per capita. Developed nations as a whole consume 60% of the world's resources, though they comprise only 22% of the world's population. Americans produce 4.5kg of waste per person per day, the most in the world, of which 55% is residential waste. In 2016 Canadians generated 10.2 million tonnes of residential waste.
As for our climate, it probably makes little difference in our energy consumption, as we would otherwise be blasting the AC year-round.



A/C consumes a third as much energy as heating, so comparing our consumption of energy to any neighbours to the south (ie a large percentage of the world's population) will clearly show this disparity.

yggdrasilll wrote:
JelrakTB wrote:

China is wealthier than Canada by a fair margin, and India has the manpower and intellectual acumen to readily overcome any such obstacles.

 

China may be richer in absolute terms, but come on. You know that's not what matters. China is so far behind in terms of infrastructure and social development. Such massive amounts of Chinese live below what we would consider the poverty line, so many don't have access to what we would consider basic necessities...etc.



What China currently spends on its military and global infrastructure projects should tidily address a great deal of any shortfalls among its current populace. The fact that it has the ability to sustain such ambitious, global projects clearly indicates an ability to provide more direct domestic assistance should it so choose. With the second largest economy in the world, it is long past the point of being considered an impoverished 3rd world entity.

yggdrasilll wrote:

JelrakTB wrote: Which is why sacrificing our economy in order that theirs might prosper seems a bit idealistic, at best, given our miniscule global impact relative to their own.


This is a longer argument, and for the sake of others on this bulletin board who mostly want to talk about CJ, I'll leave it at: I feel there are flaws in your argument.

 

JelrakTB wrote:

Because the youth are easily swayed by propoganda that appeals to their idealism and willingness to pretend to a superior morality than that exhibited by the previous generation.


Greata makes for a useful figurehead: which political leader might have the courage to rebuke her properly without appearing an ogre?

 

Fair points. I'll just say that being climate conscious is supported by science, and while science can be wrong, it's still the best information we have on which to base our opinions and policies. And I'll end here. I'll leave the rest of the discussion to CJ.

 



I appreciate your interest in this discussion, and agree we are straying from the main topic.
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