Cardinal Energy Ltd (Alberta) T.CJ

It wouldn't put

[lnggasfor202324]

It wouldn't pujt it past me if Biden is hiring some fund to push oil down and keep oil prices lower, for his own personnel agenda.  We know he drained the spr for the mid term elections.  Hmmmm

[meritmat]

Funds cant controll the price of oil, OPEC can...........but he does have controll over the SOR.  Come election time they want the price of gas to be low.......

[lnggasfor202324]

Thats because you must not of heard of shorting the oil futures.  Funds can short.

[VeritasVern]

Shorting after both the AIP and EIA reports were bullish and the rationale for a 2% drop was waiting on the Fed to announce interest rates? Right, makes zero sense and a lot of risk

[VeritasVern]

Actually that is not necessarily true. We have seen in the past that when OPEC has announced production cuts and/or plans to extend them, the market sold off rather sharply. It was immediately after their announcement so it was more of a - screw you we control the markets, not you. The question is who would short the market in that scenario? Political interference to contain prices and reduce

[Quintessential1]

It would not surprise me in the least if the FED was reducing oil prices through any number of options available to them just as I am sure they are manipulating gold and their dollar but,  "reducing inflation and containing prices" is well within their mandate and part of their job under any administration.  I am not sure if Powell is politically incentivized to aid the Biden

[lnggasfor202324]

I never ever heard of any other administration draing the SPR for their own political agenda.

[VeritasVern]

Could be the Fed, afterall they are the creators of cash and have an unlimited supply to control the movement of anything they want. They easily could get away with it - as a private entity as they are exempt from audit. Retired senator Ron Paul, wanted to audit the Fed, as you can imagine that went nowhere fast.  This week both the API and EIA published bullish reports but imediately after

[lnggasfor202324]

Thats why opec should put the screws to them for screwing around with the oil prices and send less to north am erica≥. God bless americas.

[Quintessential1]

"If the Fed did short, they will have to unwind that position so oil could rebound big, particularly if oil inventories continue to decline. As for bias towards one particular US administration, I think that is quite clear already in just about every arena. "  Maybe...I am pretty sure that is what gold investors are counting on as they try to unwind their possible position in gold

[lnggasfor202324]

I heard in the states they can just take the paper loss unlike elswhere.

[VeritasVern]

Good points, however I am not sure what would be the need to suppress gold as Reserve money is not contingent on gold reserves. If it were, they would also want to contain Bitcoin a somewhat alternative currency which is a runaway train.That said, being bullish on gold is not necessarily a bad move. However, it appears they may be manipulating the US dollar because as oil appreciates, so does the

[lnggasfor202324]

If oil goes up the american dollar down.

[VeritasVern]

Take a look at this chart below.What you will see is the US dollar increasing almost in step with oil as it appreciates since early Jan 2021. This is clearly a departure from historical correlations which are mostly negative. This change also happens to coincide perfectly with the begining of and rise of the recent inflationary period for the past 3 years. Is this just a coincidence for a period

[lnggasfor202324]

Didn't they try to rig the celections?  It's like playing poker and if someone is cheating it's hard to bwin.  Haven't you  heard as the Canadian dollar as the black dollar.  Its because of oil.

[Quintessential1]

The Fed tries to keep inflation within their targeted range regardless of the administration in office. Remember when trump was not pleased with the Fed for raising rates in their attempt to control inflation during his administration. "Trump accuses the Fed of making a 'big mistake' with its interest rate hikes. President Donald Trump ripped into the Federal Reserve Monday

[VeritasVern]

Sure the Fed wants to keep inflation contained during any Presidency. Trump wanted lower rates to continue to add stimulus to the economy showing no collusion if that is the appropriate word.  Regardless that isn't the point, the main question was the chart showing the strong correlation between the dollar and oil since early 2021 as very unusual historically. The question is who is

[Quintessential1]

You keep saying "meddling" like it is not their job to do so. As I have stated before it is very much within their mandate to control and direct inflation. As for: "Trump wanted lower rates to continue to add stimulus to the economy showing no collusion if that is the appropriate word." Taken for the previously posted article: "despite having appointed four of

[VeritasVern]

Quinte, I think you are agreeing with me regarding lack of collusion with Trump but that is a bit off topic and isn't the point. Consider this: the Fed's mandate are categorized into 4 duties, but the one relevant to this discussion is - maintaining financial stability and containing systemic risk. That definition is vague as to what they can and cannot do. But given they seem to have

[lnggasfor202324]

So has any other party drained the SPR for their own agenda?

[Quintessential1]

Yeah,  "Free Market" is a but of a misnomer like Free people.  Sure we are all free to free to do what we want as long as we follow the laws that society has deemed appropriate.  In the same vein it is a regulated free market which means only as free as the SEC says it is.  You have seen trade halts for stock taking a dive or going exponentially high.  Just take

[VeritasVern]

Quinte, this is what I said about Trump and collusion:   "Sure the Fed wants to keep inflation contained during any Presidency. Trump wanted lower rates to continue to add stimulus to the economy showing no collusion if that is the appropriate word. " Right so there was no collusion because he had to try to convince them to change their position on a rate increase - implying no

[Quintessential1]

Yeah and I said collusion wasn't the right word.  Undue influence is more the phrase that should probably used.  As it turns out both trump and the Fed were wrong and rates should have gone higher and if trump unduly influenced the Fed to lower them then he didn't do himself, the economy or his country any favours. If the Biden administration and the Fed agree on an economic

[lnggasfor202324]

Especially if the oil paper market is getting shorted.  Send less oil to north america.

[VeritasVern]

Quinte,-- clearly the use of the word collusion when used in the context of Trump was intentional as it was - a play on words...   How exactly do you know what goes on behind the scenes with Gov/Fed discussions prior to public announcements on rates? Do they, don't they and if they do just how much due influence is there? We just don't know now do we whether it is a Trump or

[Quintessential1]

"How exactly do you know what goes on behind the scenes with Gov/Fed discussions prior to public announcements on rates? Do they, don't they and if they do just how much due influence is there?"  - Easy, trump has a big mouth and told us thats how I was able to post the article that quoted him.  You posted nothing but conjecture and speculation. "Your point of OPEC

[lnggasfor202324]

This post has been removed in accordance with Community Policy

[Quintessential1]

IMO "that guy" is more intelligent than you by a country mile.  He just seems to believe in a conspiracy that I don't.  You belong in a special group with loopy and the guy that posted he is getting extra divies by buying the day before ex-div.  GLTA of you special investors though ;-) 

[lnggasfor202324]

How intelligent can a p;erson be if he thinks the us dollar follow oil nprices or visa versa?  If you agree with that you don't know much about investing.

[lnggasfor202324]

The day I get shooken out of the tree and let anyone scoop up any of my shares will be the day and esspecially loops.  The yield was over 11% at the time.  Were you broke or get a margin call lol....?

[Quintessential1]

And the day I use the word "shooken"  will be mine. Aww what's the matter?  Your lame attempt to buddy up to me by insulting the guy I was having a disagreement with didn't pan out and now you feel jilted so you feel the need to lash out? C'est domage special investor boy. Your name, on this board,  was all I ever needed to know that I ddn't need to know

[lnggasfor202324]

This post has been removed in accordance with Community Policy

[lnggasfor202324]

Anyone who sold Cj in the $6.00'sh range can't be too clever.  Hell I was buying down there.

[Quintessential1]

Yeah well I was buying in the $5.00'sh range so I guess you're not as clever as you think. Like the rest of the special investors you don't seem to understand "core".  GLTY and the rest of the  "special investor group" 

[lnggasfor202324]

I sold 0 though.  I guess they shook you out of the tree for some shares.  I won't sell even in the $7's I got enough money where I can wait until it goes up with oil and get a good price.

[Quintessential1]

Like I said,  you and the other special investors don't understand "core". GLTY and the rest of the "special investors group" 

[lnggasfor202324]

This post has been removed in accordance with Community Policy

[Quintessential1]

Yeah you don't understand core or yield or women for that matter judging from your comments. GLTY special investor

[lnggasfor202324]

I do understand about girls and core holdings.  I do understand selling shares near the bottom to unless your a broke bum.

[Quintessential1]

Yeah, just because it is where you bought yours, doesn't mean it was even close to the bottom. I know you're feeling hurt because I spurned your advances but don't feel bad there are a lot of other guys out there.  Maybe loops and his partner can set you up on a double date with someone in their special mensa group.  I am sure you will fit right in.  GLTY special

[lnggasfor202324]

This post has been removed in accordance with Community Policy

[Red_Deer]

WoWee__NEVER have I SEEN a Thread this LONG !!!!!!!!!!!! RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:

[VeritasVern]

Why stop now, lets keep it going!

[Pandora]

VeritasVern you might be happy to know that Crescent Point Energy is changing it's name to Veren in May. Not quite the same but close :-)) Crescent Point Energy Corp. plans to change company name to Veren Inc. The company will seek approval for the change at its annual and special meeting of shareholders in May.

[VeritasVern]

I own the stock. This is what they said "The name Veren combines the Latin word for truth—veritas—and energy. The company will formally adopt the new name and visual identity upon receiving all necessary shareholder and regulatory approvals."

[lnggasfor202324]

Take a look at 2007.  Oil was over $120 US and the Cdn dollar was higher then the US dollar.