Cardinal Energy Ltd (Alberta) T.CJ

cj is falling below $6,50

[loopsbutterfly]

it is getting ugly...

next stop ???

[loopsbutterfly]

wti is down as well at the time of writing I wonder what will happen in the near future...

[Podios2]

I hope your right l would really like to start picking  some up in the low 6 and mid 5s

[VeritasVern]

So the US jobs report came in at +142,000 jobs added but lower than the expectation for 161,000. And while positive news the oil market sells off. Compare that to the very big oil draws from both the API and EIA that had little to no effect. Politics is driving the markets NOT fundamentals. Lower interest rates such as a quarter point reduction will not be the spring board for higher prices

[Quintessential1]

Lower than expectations is never positive news. Interest rate reductions will stimulate the economy just as interest rate hikes slowed it. You can say politics is driving the markets but you can't prove it and slowing US and Chinese economies are actual fundamentals  driving oil market futures traders and therefore oil markets. The falling SP is not an issue for me short term. 

[VeritasVern]

You can say the economies of the US and China is slowing but you can't prove it? US unemployment is still posative, oil inventories are cratering... The Chinese economy grew by 4.5%, while the oil import numbers are so out of line they are likely leaving out Russian imports. But it seems you are hanging your hat on a quarter point interest rate cut..good luck with that. If oil does rebound it

[Quintessential1]

Well traders are the market, not politics. As for China's economy: China's economy falters, raises pressure for more stimulus https://www.reuters.com/markets/asia/chinas-economy-seen-slowing-q2-stimulus-calls-grow-2024-07-14/ And the US economy was proven out by your own jobs report. Adding less jobs than expectations is slowing and not positive. Oil Falls as Weak US Jobs Report

[VeritasVern]

The China link just proves their econonmy rose by 4.5%, but just not as high as expected... which was 5.1% or a measly 0.6% difference? So +4.5% gain is growth or is my math wrong or does that imply oil demand falling through the floor. Ya sure it is ;). For any other metric, like realestate that has been ongoing for a long time, without any effect on oil demand. As for the US jobs report, same

[Quintessential1]

Yeah the market is being manipulated...by futures traders.  Do you know that the future is? What's expected.  You keep saying not as high as expected like it doesn't matter.  It matters the most. You know what happens when EPS isn't as high as expected.  It's a miss...stock tanks. I proved my own point. It's not political manipulation just traders doing

[VeritasVern]

Quinte I have no idea what you are talking about. I never said the future is not as high as expected - you are the one saying that. I said the current and future demand is higher than expected -- because GDP in China is +4.5% while in the US its +3.0 and therefore oil demand should not be declining much or should be gaining. In fact the EIA, IEA etc all have positive global demand growth

[Quintessential1]

"Quinte I have no idea what you are talking about. I never said the future is not as high as expected - you are the one saying that. I said the current and future demand is higher than expected -- because GDP in China is +4.5% while in the US its +3.0 and therefore oil demand should not be declining much or should be gaining. In fact the EIA, IEA etc all have

[VeritasVern]

Quinte clearly you can't follow the conversation. I am quoting the rationale that the market is saying about demand not me, ie Chinese demand is lower than expected but then ingnores oil stocks and sells off. I am saying so what if GDP is not 5.1% but it is still fricken +4.5% growth, that cannot correspond to oil demand catering. Try to keep up with the conversation, you are coming across as

[Quintessential1]

Too convenient and the perma-oil-bull EN.  Is that all ya got? So future demand won't be as high as they thought but future oil pricing should be? Are you sure you do this for living?  Are you starving?  LOL Democracy on the line?  That's what you've been hearing?  Well thats sounds real factual.  LOL What's the matter can't post real facts

[VeritasVern]

Just as I thought you can't follow the logic: Chinese GDP +4.5%; US +3.0% while oil invetories, according to Nuttal are "at record lows" but the market says that Chinese demand is catering. Global demand is still increasing y/y not declining y/y while according to Nuttal, in two months US production will have flatlined for 1 full year but forecast still have US production

[Quintessential1]

You mean I can't embrace the conspiracy? an·ec·do·tal /ankdd()l/ adjective   (of an account) not necessarily true or reliable, because based on personal accounts rather than facts or research

[VeritasVern]

Fantastic that you can do a copy paste what anecdotal means. I'm sure you are really impressed with yourself.  Ah so I say the oil markets are irrational, point out facts like record low inventories, good GDP growth in China and the US and how the price decline is overdone. In fact Nuttal has the same opinion so you must think the same of him, just saying random anecdotal things.... You

[Quintessential1]

You call the markets irrational and are caused by politics because you can't find the answer but refuse to believe the one proffered.  That is conspiracy belief.  Do I have to copy and paste that definition for you again? LOL Again,  the record low inventories are American inventories.  Oil is a gobal commodity.  China has good growth but lower than expected (again

[VeritasVern]

You are a clueless and clearly have never taken and Economic class in your life. Data is what is paramount to help with price discovery. That is why angencies such as the EIA, API, and Gov statistics are so critical and why details of their reports are guarded unitl release time. For expample if you know in advance that oil inventories in the US will be reported to drop such as, oh, lets use a

[Stocker46]

No surprise, big over-reaction by the market. Bought more CJ this AM. Just can't refuse an 11,67 % dividend.

[loopsbutterfly]

as far as they want to pay it.....no assurance on it !!!

[Stocker46]

No dividends are guaranteed but I'll take it while I can get it.

[Quintessential1]

LOL.  I and the other analysts already figured it out.  You just don't like the answer. Sorry,  you and EN. So you make one up.  Must be Biden.  Deplete the SPR.  Totally political because Biden wants prices down. Fill the SPR.  Still totally political because Biden still wants prices down.  And I'm the one drinking Kool aid.  LOL GLTA &

[VeritasVern]

Is that the 99% of the other analyst that "figured it out" that you've mentioned in past? LOL I've never heard that 99% of anlysts agreeing on anything but imagine that 99% of analyst agree on what Quinte is paroting! Put the glass down boy, it's spiked.  LOL GLTA 

[Quintessential1]

99% huh.  LOL.  I knew that you either couldn't read or that you had a reading comprehension issue. It's probably why you can't grasp simple concepts like lower future growth than expected. By all means ramble on but do check to make sure it is actually not your drink that is spiked. I wonder how many futures traders it takes to shove the oil price down anyway? Funny that

[VeritasVern]

Yes that is pretty much what you said: "You are parroting a perma-oil-bull and quite frankly 1 analyst but won't believe the 99 others that have far more control over the market than EN." Simple math simpleton. 99/100 is 99% or are you now saying that there is more analyst but conveniently failed to mention what their views are? EN has no control on oil direction because he doesn

[Quintessential1]

Of course there are more and not all the traders/analysts play the futures market.   If EN doesn't then he has no control but obviously the ones with control have spoken. Future demand down. Oil prices down with it. Unless you believe the majority of oil futures traders are dems and it is political. LOL I guess republicans don't trade futures or do oil? Or they do and they

[UltraTired]

Next stop is $7 :)

[loopsbutterfly]

yeah it was a very nice short sale at $7,00 I do agree