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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > This article echoes my post from earlier in the week!
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Comment by Quintessential1on Oct 14, 2022 10:31am
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Post# 35024639

RE:This article echoes my post from earlier in the week!

RE:This article echoes my post from earlier in the week!You link doesn't work so I am going to repost it and hope that mine takes.

https://www.cbc.ca/news/business/oil-price-canada-1.6613584

I find that when posting hyperlinks on SH you have to delete the HTTP they offer up in the first window or else it puts in two HTTPs and causes an error and all errors default to the Market Herald.

As for your post I agree and expect the spread to lesson as heavy crude refineries reopen and decrease even more as the USA has to replenish the SPR.

GLTA Longs



CJInvestor wrote:

WCS is highly discounted right now. We need to be patient and not always squawk at oil prices when it's for light sweet crude and not oil sands sour heavier crude. 

https://www.cbc.ca/news/business/oil-price-canada-1.6613584
 



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