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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > WCS vs WTI
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Comment by Quintessential1on Nov 18, 2023 1:31pm
192 Views
Post# 35742689

RE:RE:WCS vs WTI

RE:RE:WCS vs WTIYeah I noticed that too.  I am not sure why BNN adds and removes WCS from their commodity board so often but I guess it just takes too much effort to update.  I did find this while searching for a WCS price and differential however which made it worthwhile and you are right, the sooner TMX comes online the better.


  • 02 Nov 2023 | 20:05 UTC

WCS crude discount to narrow after TMX pipeline expansion: Canadian Natural


https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/110223-wcs-crude-discount-to-narrow-after-tmx-pipeline-expansion-canadian-natural

GLTA


uwebb429 wrote: That 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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