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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

Comment by Quintessential1on Jun 01, 2023 6:27am
217 Views
Post# 35474247

RE:RE:API

RE:RE:APIYes there was something very fishy about the API numbers of  a previous week of 6M draw and then this weeks 5M build.  I was thiking only shut downs cause these kind of swings but the SPR release explains it,  Thanks for the insight.

I  thought the White House had put a halt to the SPR release?  If not do you know when it ends?

GLTY and all.

pkrash wrote: Start by not believing it's a large build.
With SPR at 2.6M this week and last week's huge draw of 12.5M for proper context the fundamentals are still sound.


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