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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) > Funds for refilling the SPR has only $841 left
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Comment by VeritasVernon Sep 17, 2024 5:26pm
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Post# 36227940

RE:RE:RE:RE:Funds for refilling the SPR has only $841 left

RE:RE:RE:RE:Funds for refilling the SPR has only $841 leftYes the news article doesn't specifically say that, but certainly implies it...correct me if I am wrong but hasn't most, except yourself, heard quite a few times at least, that they were selling at high prices and refilling at $79 or below...

But nowhere does the article say or imply:

"But for the Biden administration it would seem like it might not be the perfect time.

So they might not."

Ya not a perfect time for the Biden admin because while prices are currently below the $79 mark and assumed to stay low-er,,, they have spent the money so they can't. LOL

GLTA and CJ
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