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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) > Did the WTI-WCS spread go under $10?
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Comment by VeritasVernon Oct 09, 2024 9:57am
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Post# 36259206

RE:RE:Did the WTI-WCS spread go under $10?

RE:RE:Did the WTI-WCS spread go under $10?It wasn't a glitch. Oilprice had the spread under $9 as well. What happened was WCS declined significantly after trading hrs yesterday when API reported oil stocks to have increased by more than 10 Mb. How does inventory increase by more than 10 Mb in one week? I haven't looked at the data but assume higher imports and/or movement of oil from the SPR to market for rotational purposes?
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