Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

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.

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Cardinal Energy Ltd (Alberta) > Blood bath

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Comment by kavern23on Oct 04, 2023 12:12pm

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Post# 35669231

RE:RE:Blood bath

Traders/hedge funds are trading on larger news than EIA weekly inventory reports.
500k/ aday of Kurd/Iraq oil that gets sold on a pipeline to Turkey that has been shut in since March, likely a deal soon to reopen this pipeline...timed right after Saudi says their keeping production cut which was today.

A 500k reopening of pipeline should equal a 5-7 dollar drop....probably being priced in.

If this is fake news and pipeline doesnt reopen, prices rise.

Very delicate balance right now.

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