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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) > Oil prices rise on Chinese stimulus:
View:
Post by spurwing2 on Sep 24, 2024 8:58am

Oil prices rise on Chinese stimulus:

https://www.wsj.com/finance/commodities-futures/oil-futures-higher-amid-production-risks-6c175244?siteid=yhoof2
Comment by VeritasVern on Sep 24, 2024 11:49am
Chinese oil imports rebounded upward in August and the highest since since Aug 2023. China's Russian oil imports jump 25%
Comment by Quintessential1 on Sep 24, 2024 1:24pm
The Fed delivered an aggressive 50bps rate cut, stimulating the outlook for fuel consumption in the US and major economies, in addition to providing some leeway for the PBoC to ease borrowing costs and support demand in the world’s top oil importer. I guess they were right.   It's just one big snowball effect.  You just need the right catalyst. ;-) GLTA
Cardinal Energy Ltd (Alberta)
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