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 12:23pm

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Post# 35669266

RE:RE:RE:RE:Blood bath

No, only a very tiny amount is, stranded oil without that pipeline opened.
Kurds have lost billions and piles of unpaid wages.

It makes more sense to open this pipeline than for Opec to have Russia or Saudi increase by 500K.

This pipeline closure was a way to have Iraq share in the cuts which is a politically tricky thing as Iraq is still rebuilding from war decades ago...production caps for Iraq are a dicey thing.

4 dollar drop like today usually signals more behind the scenes.

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