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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 Quintessential1on Oct 16, 2024 8:57am
61 Views
Post# 36267799

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cyber Attack

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cyber AttackPeaceful or not if it doesn't affect global oil distribution the markets just don't seem to care.

Here is what I know.  You keep saying oil is being manipulated.  

I keep asking by who and how?

ALl I get are more questions.  

Except for when you admitted you had no proof because "of course there isn't any proof".

Now I would think a wise old market progosticator like yourself would have better answers.

The current admin lowered prices by selling the SPR off.  

Now you say they are lowering prices while filling the SPR.  

Good trick.  Explain that. 

Here's the link showing the SPR levels going up every week since June of 2023.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

If they had other methods of lowering oil prices that didn't require the selling of the SPR then why
did they sell off the SPR 2 years ago to lower oil prices?

GLTA


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