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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 Nov 01, 2024 8:28am
77 Views
Post# 36291964

RE:RE:Market Manipulation

RE:RE:Market ManipulationLooks like they might try anyway. 

With Iran's air defenses reduced retaliation will be easier.

 

WTI crude oil futures rose toward $71 per barrel on Friday, advancing for the third consecutive session, as market attention shifted back to the Middle East conflict. This change was prompted by a report suggesting that Iran may be preparing to launch an attack on Israel from Iraqi territory in the coming days, with media sources indicating that the anticipated attack could involve drones and ballistic missiles. Investors remained on edge, especially following Israel's military chief's warning that a "very hard" strike on Iran would follow any further missile attacks. Oil prices were also bolstered by expectations that OPEC+ might postpone the planned increase in oil production scheduled for December by a month or longer. Additionally, China, the world’s top crude importer, saw manufacturing return to growth in October, according to both private and official surveys, indicating that stimulus measures are starting to take effect. Still, oil is set to record a weekly decline.

https://tradingeconomics.com/commodity/crude-oil

glta



Re1ndeer2 wrote:
The Air defenses are non existant or somewhat passed inadequate now.....Iran is unable to retaliate  .. 


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