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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 ckwongon Aug 22, 2024 7:00am
77 Views
Post# 36191281

RE:RE:RE:EIA

RE:RE:RE:EIA Pandora, I believe you know what I mean. My understanding about the Job number and these inventory numbers are estimation from a survey. When the actual comes in, there will be adjustment. Estimation and actual may not jive.

I don't have much confident in these number because I saw the that price pushed down during higher demand season for a few months and all of a sudden, the inventory went down steeply after the high demand season and the price/index pop. Sometimes, they may not use the eraser.

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