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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Stock market in freefall

<< Previous

Bullboard Posts

Next >>

Comment by scienceguy36on May 09, 2022 3:44pm

158 Views

Post# 34668180

RE:RE:RE:RE:Stock market in freefall

I now see that the question was not directed to me. LOL. I think the poster mentioning the IEA release was to referring to the SPR of 160 mil barrels over 6 months being released by the U.S, but that has been factored into price long ago and is being partially offset with tenders to replentish at least 60 mil barrels ba ck into the SPR in the fall.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features