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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 Oct 02, 2024 2:20am
74 Views
Post# 36249512

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

RE:RE:Oil surges as Iran prepares to launch attack on Israel:
The Russian buildup wasn't months but more like weeks besides the difference was that there wasn't a missile fired during that time. The West didn't think it Russia would invade at the time, downplaying the event and certainly the severity of what Russia was saying/warning about. And that appears to have been a great miscalculation as it caused the spike in oil prices and inflation which may be the difference that tips the election in favor of the Republicans and to the escalating situation we are in where Russia has lowered their Nuke threshold. 

"No actual oil price rise until Iran attacks Israel without a proxy though.  Who'da thunk it?"
Compare that with Iran where they are the militant state sponsor in the region and the fact they have already fired a barrage of missles into Israel several months ago which prompted Israel to retaliate. I guess the geopolitical risk sort of just vanished between the last missile firing and today then?  The latest situation is and always has been a real threat to the region, the most likely outcome of all situations, and it has only escalated since Oct 7th 2023.

But it is odd how the slightest suggestion of a ceasefire and peace deal between Lebanon and Israel, even when it's pretty much not going to happen causes a selloff in oil beyond the already big selloff that has occurred lately but it actually takes another round of missiles fired for the oil markets to recognize the threat in the region. 

Iran deperately wants the Dems back in power, as they released billions to Iran in sanctioned money, and have allowed their oil to be sold again in the market. The instability globally is connected to the Biden/Harris admin where they are rightfully perceived as weak - clearly demonstrated by their fearful withdrawl out of Afghanistan where they took the military out before the civilians. lol not funny acutally. 

Yes the good ol Iranian's they sure love the Biden/Harris admin for allowing them to build up their war chest again, but unfortunately for Biden/Harris, Iran hates Israel much much more. Opps another miscalculation where sucking up to Iran and kissing the arrse of the Ayatollah, in the end didn't pan out quite like they thought, eh. 

We already are into the most dangerous period of time of world instabiliy/risk not seen in decades and it continues to escalate but it appears the oil markets are just now recognizing that.  
Who'da thunk it?"
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