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Bullboard - Stock Discussion Forum 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... see more

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Comment by VeritasVernon Sep 26, 2024 2:08pm

RE:RE:Talk of middle east ceasefire causes a 3.52% drop in oil

In other news, the oil market is down 3% on an apparent rumor the Saudi are ready to raise output. I would imagine that is completely unsubstantiated as according to the Financial times it came from ...more

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Comment by DivChaseon Sep 26, 2024 10:27am

RE:Talk of middle east ceasefire causes a 3.52% drop in oil

It's all to benefit democrats for this election cycle. Banksters just do as thier told. The good news is it will be over in 5 weeks. Expect 80$+ oil before Christmas.

Discussion

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Post by VeritasVernon Sep 26, 2024 9:55am

Talk of middle east ceasefire causes a 3.52% drop in oil

Really now just urging from countries to cease, which is typically said all the time...is good for a 3.52% decline! Yet when the escalation started it had little to no affect on prices and there is ...more

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Discussion

Comment by Quintessential1on Sep 26, 2024 7:51am

RE:RE:RE:RE:Inventories

Like I said, perhaps futures traders look at all the available data. "The July imports of crude into China were the weakest in two years. Crude arrivals rebounded in August, but they were still ...more

Discussion

Post by goliath10on Sep 26, 2024 7:50am

Saudi Arabia to drop $100 crude target to win back market

Saudi Arabia to drop $100 crude target to win back market share, FT reports By Reuters September 26, 20246:40 AM EDTUpdated an hour ago ...more

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Discussion

Comment by VeritasVernon Sep 26, 2024 2:49am

RE:RE:RE:Inventories

WTI oil is down another -2.6% or -$1.82 and at $67.87 as of the time of this post. Chinese demand has surfaced once again as the main driver for the decline as apparently investors weight the stimulus ...more

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Comment by Quintessential1on Sep 25, 2024 9:49pm

RE:RE:RE:Inventories

Personally I don't trade I invest and fundamentals always win out with longterm investing. Here is an attempt by one commodities reporting site to try and explain the oil price drop. WTI crude ...more

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Comment by BigJakeon Sep 25, 2024 5:19pm

RE:RE:Inventories

Personally I am holding on the hope that at some point fundamentals will actually matter again. But that's just me.

Discussion

Comment by VeritasVernon Sep 25, 2024 1:56pm

RE:Inventories

API and EIA both have large oil draws, US cuts rates 1/2 point and China unrolls a massive stimulus and the market sells off 3.0%. How does one trade on this nonsense?

Discussion