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) > US oil demand grew to highest level while output declined:

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Comment by kavern23on Sep 30, 2024 9:39pm

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Post# 36247618

RE:RE:US oil demand grew to highest level while output declined:

Not that bullish as USA demand should be much higher than 2019...but Covid happened.
Just being at 2019 5 years later isn't great.

USA was producing 11.5-11.9m barrels of oil per day first part of 2019 and ended like close to 13m.
USA will average more production in 2024.

OPEC is throttled back for a reason, world demand should be better. It's a bad thing if USA demand has to carry oil demand.

USA has to correct to 12.5m-12.8m instead of 13.2 plus for oil to really stabilize. Saudi isn't happy right now. USA is stealing Europe market

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