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 Stavkoton Apr 08, 2019 11:13am

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Post# 29596672

RE:Return of greasy period?

I'm unsure what is going on with oil prices lately. Last two consecutive weeks EIA report showed surprise build-up, yet the market ignored it and pushed WTI prices up. On the Monday and Tuesday before each report there were no buyers for oil producer stocks. Big players knew the EIA results but had not predicted an increase in oil prices. What the heck is going on?! Last week $60 now 64.. Rip off!

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