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

Add To Watchlist

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Trying to keep the oil price below $90?

View:

Post by UltraTired on Apr 08, 2024 10:58am

Trying to keep the oil price below $90?

Biden sold 40% of the US Strategic Petroleum Reserve back in October 2023, to keep fuel prices down. Recently the Biden administration canceled a plan to purchase 3 million barrels for the SPR.

Sounds like they are trying to keep oil below $90, but are just delaying the inevitable

287