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) > Limited damage according to Iran?

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Comment by VeritasVernon Oct 28, 2024 1:25pm

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Post# 36285338

RE:RE:Limited damage according to Iran?

That was already understood and factored into oil prices as news last week suggested that oil facilities were likely to be exempted from strikes.
It's beyond absurd that the escalation of war is highly bearish corresponding to a -6% decline to oil prices!
Israel isn't done with Hezbollah or Iran yet and when they do strike, given the pattern we can expect oil to decline into the high $50s

So this is how it works:

Israel doesn't strike, oil falls
Israel strikes, oil falls
War escalates oil falls
peace is discussed, oil falls

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