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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

Comment by BigJakeon Jul 11, 2024 8:59am
563 Views
Post# 36127956

RE:RE:RE:RE:Inventories

RE:RE:RE:RE:Inventories
Quintessential1 wrote: Thanks Jake!  Yeah YTD gives you a wide angle view on how demand has acted until now.

It looks like BNN was not off the mark on WCS even though I don't like the spread.

I get a better snapshot of it from here:

https://www.dobenergy.com/data/

Don't get me wrong a $13.70 spread is way better than the $20 it was before TMS but I thought it might come in a lot closer to $10 eventually.  Maybe there is just not enough sales yet.

GLTY and all 


BigJake wrote:
Quintessential1 wrote: Hey BigJake thanks.   Where are you getting your WCS info? 

BNN is out to lunch and their new setup sucks.

TIA 

GLTY and all


BigJake wrote: API  - 1.923 mbrl draw  YTD  - 0.189 mbrl draw 
EIA  - 3.443 mbrl draw  YTD  - 8.528 mbrl build 
WCS  - 69.02  WTI DIFF  - 14.87

Nice to see draws 2 weeks in a row with WTI in low to mid 80's. Wti diff has gone from 11.05 to 14.87 since the middle of May. Let's hope this trend doesn't continue. GLTA Longs 



Wcs data from oilsands magazine.com. Not real-time number. Weekly average I collect Wednesday mornings after EIA data comes out. I like YTD data numbers on inventories and WTI diff 






Thanks for the link, good info on rig activity and completions. As for the differential I too was hoping sub ten dollar. Then I remembered who we are dealing with, they are the big dog, like it or not 
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