Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 lovehockeyon Oct 31, 2024 2:09pm
103 Views
Post# 36291009

RE:SPR is outa cash, with only funds for 2 million barrels left

RE:SPR is outa cash, with only funds for 2 million barrels left

Do not believe anything of this sort, it is simply a lie. They will print as many as they need. That is the whole scheme, they now use SPR as an "expansion tank" which they will fill every time there is any spare oil available so they can damp it later when the inventory is falling. 

 

Considering US is now USD35 trillion in debt what is it for them to print a billion or two which will take care of buying 14 to 28 million of barrels at these prices? It's peanuts and it costs them nothing. 

<< Previous
Bullboard Posts
Next >>