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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Post by TimeBuilderon Jan 05, 2023 10:14am
260 Views
Post# 35204630

FYI: Crude pricing

FYI: Crude pricing

CANADA-CRUDE-Heavy crude discount slightly widens

Jan 4 (Reuters) - Western Canada Select (WCS) crude's discount to the benchmark West Texas Intermediate (WTI) widened on Wednesday:

* WCS for February delivery traded around $27 a barrel below the WTI, according to brokerage CalRock, widening from $26.50 a barrel below the U.S. benchmark the previous day.

* The Canadian heavy crude market is still digesting the impact of a prolonged shutdown of TC Energy's Keystone pipeline in December after a leak of 14,000 barrels in Kanasas. The 622,000 barrel-per-day pipeline delivers Canadian crude to U.S. refineries.

* Global oil fell by more than $4 a barrel as demand concerns linked to the global economy and rising COVID-19 cases in China crushed crude prices.

* That put the outright price of WCS at about $45 a barrel. (Reporting by Nia Williams; Editing by Sherry Jacob-Phillips)

 

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