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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) > Q1 Earnings
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•••
Comment by Duster340on May 12, 2023 12:18pm
173 Views
Post# 35445607

RE:RE:RE:RE:RE:RE:RE:RE:RE:Q1 Earnings

RE:RE:RE:RE:RE:RE:RE:RE:RE:Q1 Earnings
Quintessential1 wrote: I guess that is why Joe's admin just halted the recent congress mandated release and cancelled all of the congress mandated sales from 2024-2027.  

They are also making plans to refill the SPR just as soon as they can.

"(Bloomberg) -- Oil extended its rally for a fourth day, reversing course midday to climb after the Biden administration announced plans to replenish strategic reserves after completing maintenance work later this year."

"The US decision to cancel the previously mandated sale of some 140 million barrels and begin purchasing crude later this year to refill the strategic cache halted the slide."


https://ca.finance.yahoo.com/news/oil-holds-two-day-surge-031401292.html

GLTY and all



Duster340 wrote:
Quintessential1 wrote: CJ is treading water in the shallow end of the pool.  

In mid-summer its going to stand up and laugh this low off.

Great time to buy or add.

GLTA

egee wrote: Keep swimming 


CJ will take a nose dive along with the price of oil at the end of driving season which is only 14 weeks away. super joe will keep oil in check untill then with the weekly SPR dump.



it is only speculation, my guess joe will wait until nov/dec well after driving season is over before refilling and at a much lower price.  eric the nut said on BNN that the SPR would never be refilled did he tell another big whopper?  lol

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