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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

Post by bows333on Mar 18, 2024 9:53am
166 Views
Post# 35938069

US Commercial Real Estate

US Commercial Real Estate Multiple articles out recently indicating that US $1 trillion in CRE loans maturing this year. Recent sales seem to be in the 75% less than 7 years ago range. CRE buildings emptied out during COVID and haven't refilled. Lots of people avoiding cities now due to social issues there. The banks, in the early stages of the coming crisis (fall?) are looking at $750 billion in writedowns.  The FDIC has about $125 billion in cash for the depositors. Federal Reserve capital (this isn't easy to find, but it is on the Fed's website) is about $5 billion (not a typo). Oil, and inflation, heading up this summer with a looming real estate crisis in the distance, and not enough money to cover the losses. It appears that the Fed will have no option but to lower rates and start more QE in the middle of a financial crisis while inflation is high and increasing. How the heck will that play out? Place your money, wait and see.
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