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) > market movement

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Comment by VeritasVernon Sep 02, 2024 6:55pm

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Post# 36205460

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:market movement

Chinese GDP rose +4.7% but lower than the 5% target according to the EIA... I think the import figures are under reporting Russian total imports as you noted. Part of that reason may be because they are likely attempting to show partial compliance with Western Sanctions. China is notoriously guarded with releasing data, for their advantage. Traders are taking this and driving the price of oil downwards. GDP up +4.7% and oil imports decline by 45%? I hardly think so, just shows you the angle taken and level of manipulation that can sway markets.

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