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) > Oil surges as Iran prepares to launch attack on Israel:

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Comment by Quintessential1on Oct 01, 2024 5:20pm

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Post# 36249116

RE:Oil surges as Iran prepares to launch attack on Israel:

Remember when Russia camped on Ukraine's border for months and oil didn't go up until they actually invaded?

This seems a lot like that considering Iran has been fighting a proxy war since March.

No actual oil price rise until Iran attacks Israel without a proxy though. Who'da thunk it?

A 1/2 point FED rate cut certainly isn't hurting though. ;-)

Doesn't Iran know that Biden wants cheap oil. They're in trouble now. LOL

GLTA

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