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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 cre8value4meon Jul 26, 2022 12:52pm
211 Views
Post# 34851354

RE:Oil is only

RE:Oil is only Mr. Joe and his fellow American party faithful will continue to do whatever they can to knock prices down. I just read he authorized another 20 Million barrels out of the SPR. I would think he is nearing the end of that bag of tricks though. .After the Mid Terms it won't be as high of a priority, he can only go so far on future SPR releases, it seems he may be near that point already, realistically 20 Million is nothing but a sad attempt to exert further pressure on prices seems it was a short lived price pressure on WTI today.
He has to be seen to the electorate as doing everything in his power to pressure "PUTINS" price hike muted.
Those releases will need to be refilled as well.
JMHO
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