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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)
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Post by VeritasVernon Feb 01, 2024 1:02pm
193 Views
Post# 35857463

U.S. Prepares for Multi-Day Strikes Against 'Iranian Targets

U.S. Prepares for Multi-Day Strikes Against 'Iranian TargetsThe US just declared for multi-day strikes against Iranian targets. One would think that would support and raise oil prices as it increases the geo-politic and risk to the oil sector. But just like clockwork - oil prices have declined by 2% instead.
The only explanation I can think of is manipulation so that when they do strike the price only rebounds to the levels where oil prices started the day. This is sending the message that someone is controling the price of oil and not geo-risks nor any other organization (opec). 

https://oilprice.com/Latest-Energy-News/World-News/US-Prepares-for-Multi-Day-Strikes-Against-Iranian-Targets.html
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