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Bullboard - Stock Discussion Forum 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... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Forces
View:
Post by Coolson on Nov 01, 2022 5:50pm

Forces

Correct me if I am wrong but starting November 1 we should have 2 forces affecting supply side. First is the SPR reduction by 1m barrels a day and the second is 1m barrel OPEC cut which should also begin in November. So 2% of all available supply should vanish. Next catalyst will be December 5 and EU energy cut.
Am I missing something?

Cheers..
Comment by Luckyguy777 on Nov 01, 2022 8:12pm
I am not sure about the OPEC one.  I thought they weren't meet the targets anyways so a reduction might not change things
Cardinal Energy Ltd (Alberta)
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