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) > Oil Inventory:

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Comment by Quintessential1on Jul 10, 2024 11:14am

192 Views

Post# 36126304

RE:Oil Inventory:

Oooo I do like this link thanks for posting!

I'll make it hyper here:

https://www.fxstreet.com/economic-calendar/event/8d7aa189-8c90-45a1-a5ee-82d480271b8f

EIA reporting almost double the draw that API did but the consensus expected was higher than API's but still lower than the actual reported would should still be bullish for WTI especially with last week's monster draw.

I get why API and EIA differ on actuals. The fact that the consensus differs also is odd.

GLTA