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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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.


TSX:CJ - Post by User

Comment by Cardboard1on Apr 05, 2019 2:16pm
79 Views
Post# 29589019

RE:Trump and Energy....

RE:Trump and Energy....
"Tell me how inflation wont take hold if you disagree with me..."

Partial answer is the strength of the USD: cheap imports and gasoline at still very reasonable price.

It is the glue that keeps it all together right now and really the problem for us energy investors or any commodity investor as this reduces global demand for oil in emerging market or the growth engine. Commodities don't tend to do well in the face of a strong USD.

Also, don't forget that cars today are much more efficient than they were. A 5 seater SUV does 8 liters/100 km while only 10 years ago you needed a Civic to do that. Salaries have also gone up somewhat.

So $2.50 U.S./gallon gas is something that can easily be afforded.

Very low unemployment is concerning to wage increases but, it has been muted for a long time it seems. Once again, imports reduce pressure on that and also automation.  



 
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