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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 VeritasVernon Sep 06, 2024 2:28pm
74 Views
Post# 36212208

RE:RE:RE:RE:cj is falling below $6,50

RE:RE:RE:RE:cj is falling below $6,50You can say the economies of the US and China is slowing but you can't prove it? US unemployment is still posative, oil inventories are cratering... The Chinese economy grew by 4.5%, while the oil import numbers are so out of line they are likely leaving out Russian imports. But it seems you are hanging your hat on a quarter point interest rate cut..good luck with that.
If oil does rebound it won't be because of int rates but rather because at $67.80 they have fallen way below where the should be and it will then be - time to make money on the upside for the traders. 
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