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.

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Cardinal Energy Ltd (Alberta) > Blood bath

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Comment by kavern23on Oct 04, 2023 12:23pm

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Post# 35669266

RE:RE:RE:RE:Blood bath

No, only a very tiny amount is, stranded oil without that pipeline opened.
Kurds have lost billions and piles of unpaid wages.

It makes more sense to open this pipeline than for Opec to have Russia or Saudi increase by 500K.

This pipeline closure was a way to have Iraq share in the cuts which is a politically tricky thing as Iraq is still rebuilding from war decades ago...production caps for Iraq are a dicey thing.

4 dollar drop like today usually signals more behind the scenes.

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