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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 VeritasVernon Mar 23, 2024 2:05pm
91 Views
Post# 35948886

RE:RE:RE:RE:RE:RE:RE:RE:It wouldn't put

RE:RE:RE:RE:RE:RE:RE:RE:It wouldn't put Take a look at this chart below.What you will see is the US dollar increasing almost in step with oil as it appreciates since early Jan 2021. This is clearly a departure from historical correlations which are mostly negative. This change also happens to coincide perfectly with the begining of and rise of the recent inflationary period for the past 3 years.
Is this just a coincidence for a period of 3 years straight? Likely not - there is only one possible explanation that it is deliberate manipulation mostly in an attempt to contain inflation and by extension to assist the Biden administraton whether that is poltical or not, debatable. Manipulation of free markets, hmm - isn't there laws with stiff penalties, fines and jail time for such actions or are governments and quasi- gov agencies exempt? I can't help but think how they have been telling us for the past 6 years - "no one is above the law" right?

https://en.macromicro.me/charts/185/oil-usd
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