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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) > Meddling or just got it wrong?
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Comment by VeritasVernon Mar 25, 2024 3:01pm
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Post# 35951320

RE:RE:Meddling or just got it wrong?

RE:RE:Meddling or just got it wrong?Iggy, let me dumb it down for you since you have a hard time following.

Remember that chart you looked at and how there was a very positive correlation between the dollar and oil since about Feb 2021 which is a departure from historical? So correlation means mostly the same but not always. But please do keep informing us how the rise in oil has "all the swing traders are all shooken out of the tree like Pottsy and d crew" that is something really good to know!
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