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) > Stock market in freefall

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Comment by masfortunaon May 09, 2022 10:58pm

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

And here is the key:

The IEA, for its part, has recently unveiled the details of the release of 182.7 million barrels of oil from emergency stocks over six months. Roughly three-fourths of this will come from public stocks and the remaining fourth from lowering national stockholding obligations set on industry. IEA members announced in early April they would release an additional 120 million barrels from their emergency oil stocks over a six-month period, days after the U.S. announced the record SPR release.

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