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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > WCS vs WTI
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Comment by uwebb429on Nov 18, 2023 11:41am
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Post# 35742584

RE:WCS vs WTI

RE:WCS vs WTIThat BNN news clip is from February.

The WCS WTI differential did decrease during the summer but then it increased again during November. It is over $23 at the moment.

Canada needs to get the expanded TMX pipeline operational by Q2 2024. This should lower the differential to $10 or less. The new pipeline will help keep this differential a lot more consistent throughout the year. It should no longer blow up to $30 anytime during the year like it has in the past. This will significantly increase cash flow for all Canadian oil producers next year.  
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