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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

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Cardinal Energy Ltd (Alberta)

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Comment by CashGreenGoldon Feb 12, 2019 8:31am

56 Views

Post# 29351473

RE:RE:RE:RE:RE:Slide 6 of Presentation...

"The Saudis needed to recapture a part of that lost market share before the Aramco IPO."

Right, so that's thats why they cut production by 1.2 mm bbls/d in decemeber when the price was in the 40's... to regain market share.

LOL you're the only real stupid poster here. Did you see the news this moring Chris?
They announced an additional 500kpd cut.

If this was only about market share, and not about price, there would be no cuts. They'd of let the chips fall, or better yet, increased production further, back in December.

OPEC doesn't want 30's or 40's oil. SImple. Actions tell the tale. Give your dumb conspiracy theories a rest. You're hurting your head.

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