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

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > WTI up today!

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Post by UltraTired on Sep 16, 2024 9:44am

WTI up today!

WTI crude pushing back up to $70. Is momentum shifting?

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Comment by tylerreddick on Sep 16, 2024 9:51am

No, all indicators point toward lower prices over the winter.

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Comment by UltraTired on Sep 16, 2024 9:57am

Winter is still 2 months away, and we are still in Hurricane season for the U.S.

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Comment by tylerreddick on Sep 16, 2024 11:18am

I am an investor, not a daytrader.

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Comment by VeritasVern on Sep 17, 2024 10:48am

As we know Brent net oil short positions exceeded long for the first time in history. Yet they were only able to depress prices by about $10 to $69 and not sure if that signals a bottom as anything can happen. But at some point those shorts will need to unwind their positions and buy. This can happen rather quickly if there is bullish news which can cause prices to rise and trigger a short ...more

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