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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta)
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Post by Quintessential1on Feb 07, 2023 6:22am
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Post# 35271102

Oil Prices Rise for 2nd Day

Oil Prices Rise for 2nd Day

Commodity
WTI crude futures rose more than 2% to $76 a barrel on Tuesday, following a 1% gain in the previous session, on concerns about supply disruptions and as investors anticipate a rise in demand in China. The terminal at Turkey's Ceyhan port, which exports Azeri crude oil is set to be closed until Wednesday as a precaution after major earthquakes hit the country. Also, Saudi Arabia raised crude prices for Asian markets for the first time in six months as they see a stronger demand, especially from China. At the same time, traders try to assess the impact of a European ban on seaborne imports and price caps for Russian oil products that came into effect on Sunday.

GLTA
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