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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 could surge 161% if Iran's energy infra wiped out
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Comment by VeritasVernon Oct 04, 2024 11:50am
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Post# 36253368

RE:Oil prices could surge 161% if Iran's energy infra wiped out

RE:Oil prices could surge 161% if Iran's energy infra wiped outIf, they bomb Iran's engery infrastructure and using today's price of about $75 WTI that equates to $120 as we have seen reported yesterday already. In response, Iran has moved some of their biggest tankers from thier ports today as the uncertainty of what gets taken out is unknown. Israel is likely to bomb this weekend as they seem to do that to lessen the impact to markets it seems. I'm not sure about the oil infrastructure though, more likely the Nuke faciliities, but that still will support prices though. Not trying to be Ghoulish, but $120 oil would correspond to some serious upside to all oil stocks including our high Div-dog CJ! lol

GLTA
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