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) > Algorithmic traders amplify crude price rout:

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Comment by JohnBP1on Jun 06, 2024 3:01pm

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Post# 36075992

RE:RE:RE:RE:RE:RE:RE:Algorithmic traders amplify crude price rout:

Thanks GA1, while I agree with most of your comments $100 oil would be a disaster between current interest rates, cost of goods and all the other things falling appart there would be a WW3. Take a look at how rich the Gulf states are, I mean a close look, the rullers opulence, their greed and disregard for rules. Time will tell. J

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Rig Count Soars as Utilization Surpasses Industry Averages