Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF | T.CJ.WT | T.CJ.DB

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)

Bullboard Posts

Comment by Sadie222on Jan 16, 2020 4:39am

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Post# 30559010

RE:Tomorrow's low in Calgary: -32 C

Well, with parts of the US shivering through temps up to 30 degrees warmer than normal, it kinda puts a damper on demand. Prairies are co-operating with their cold snap, though. Still lots of gas available, too.
Could be (and has been) worse.

Chris_toronto wrote: The high will take temps up to -28.

And spot AECO gas is only selling for C$2.48.

At peak demand and natural gas is only $2.48, it used to reach $4.50 and $6+ in Alberta a few years ago. If this is the price at peak demand with -30 temps, what hope do Alberta's natural gas producers have?

Prices in the US continue to drop and we are in the middle of winter.