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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 Quintessential1on Mar 14, 2024 11:55am
90 Views
Post# 35932827

RE:RE:RE:Too funny but shows a clear bias

RE:RE:RE:Too funny but shows a clear biasIt is important to know which is more accurate which is why accurate sourcing of the facts is important rather than relying on the reporting of a publication with a clear bias right in their name or one might say, wishful thinking, in their reporting of them, is important as investors.  Nuttall, for one has been less than accurate with his future oil price predictions.  To account for this he references sources that he didn't allow for in his original predictions.  Perhaps his bias made him side too much with OPEC. 

https://www.iea.org/reports/world-energy-outlook-2021/overview

GLTA


VeritasVern wrote: Right but as investors it is important to know which of the two is more accurate regarding demand forecasts based on fundamentals versus one that has some wishful thinking in the mix. Nuttall, for one, seems to be on the side of OPEC.


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