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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

Post by TheWokeLemmingon Jul 07, 2023 3:14pm
178 Views
Post# 35531432

This time feels different

This time feels differentThis rally should have legs.  No more SPR dumping. OPEC cutbacks.  Destocking should be running out of steam.  Interest rate raises and coming to an end and the fundamentals of supply and demand are finally looking to take over.  We will see what next weeks inflation numbers look like but anything that isn't surprisingly higher than expected should either keep July at 25 basis points or perhaps even another pause.   It'll be an interesting week!
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