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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) > Oil prices rise on Chinese stimulus:
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Comment by Quintessential1on Sep 24, 2024 1:24pm
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Post# 36238691

RE:Oil prices rise on Chinese stimulus:

RE:Oil prices rise on Chinese stimulus:

The Fed delivered an aggressive 50bps rate cut, stimulating the outlook for fuel consumption in the US and major economies, in addition to providing some leeway for the PBoC to ease borrowing costs and support demand in the world’s top oil importer.


I guess they were right.   It's just one big snowball effect.  You just need the right catalyst. ;-)

GLTA






spurwing2 wrote: https://www.wsj.com/finance/commodities-futures/oil-futures-higher-amid-production-risks-6c175244?siteid=yhoof2


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