Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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)
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(82)
•••
Post by Khersonon Feb 13, 2023 6:50pm
504 Views
Post# 35284114

China

China
Mamdouh SalamehonFebruary 13 2023said:
Whatever the level of inflation in the United States is and whatever further tightening the US Federal Reserve may decide on will still have far less impact on the global oil market and prices than China’s return to the market. Therefore, I expect oil prices to resume their surge shortly.

Though the global oil market reacted immediately to Russia’s decision to cut production by 500,000 barrels a day (b/d) from the start of March. the full effect of the cut will take some time to be fully felt. The cut will exacerbate shortages in the market thus making the market tighter and causing prices to rise. This means that the import bill of those who imposed the cap will be higher.

Moreover, Russia’s production cut isn’t a result of the EU ban on Russian oil and petroleum products as the author claimed wrongly. It is a retaliation against the cap along with a halt of exports to countries that implement it as President Putin decreed.

Brent crude price is expected to hit $90 in the first or second quarters of 2023 and touch $100 during the year.

Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities