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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 1:11pm
93 Views
Post# 30551635

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

RE:RE:RE:RE:RE:RE:RE:RE:Simple Question
quesea wrote:

China & India are good examples of the improving economies of 3rd world countries. 
IMO : The opportunity to buy a second pair of shoes or another year of school or an iPhone for their children is based on improving economies. I don't think families will willingly forgo these advancements to save London or New York from flooding ! And why should they ??
1st world countries have been stealing their resources for 100's of years. 
kc



Why should they, indeed.

The point is merely that erasing Canada's entire economy would do nothing to offset their continued growth. So why become impaired if the impairment will accomplish nothing real?

Of course, to use the argument in reverse, the actual purported flooding is more likely to take place nearer the equator due to the elasticity of water: the more that is available, the more it will accumulate along the band of highest centrifugal force. This means ocean levels will actually recede in northern climates. So India's concern over flooding would largely be based upon what might be happening at its own shores...
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