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) > It wouldn't put

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Comment by VeritasVernon Mar 22, 2024 3:26pm

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Post# 35947854

RE:RE:RE:RE:RE:RE:It wouldn't put

Good points, however I am not sure what would be the need to suppress gold as Reserve money is not contingent on gold reserves. If it were, they would also want to contain Bitcoin a somewhat alternative currency which is a runaway train.That said, being bullish on gold is not necessarily a bad move.

However, it appears they may be manipulating the US dollar because as oil appreciates, so does the US dollar. That has been contrary to historical patterns as well which raises questions.

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