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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) > US oil demand grew to highest level while output declined:
View:
Post by spurwing2 on Sep 30, 2024 12:49pm

US oil demand grew to highest level while output declined:

https://finance.yahoo.com/news/us-oil-demand-grew-highest-160628028.html
Comment by VeritasVern on Sep 30, 2024 2:38pm
Spurwing is that what they call an inconvenient truth? So US oil demand is the highest since 2019 and while production is flat in 2024 with prices at $68/b. Aren't they forecasting US oil production to increase in 2024 and 2025.
Comment by kavern23 on Sep 30, 2024 9:39pm
Not that bullish as USA demand should be much higher than 2019...but Covid happened. Just being at 2019 5 years later isn't great. USA was producing 11.5-11.9m barrels of oil per day first part of 2019 and ended like close to 13m. USA will average more production in 2024. OPEC is throttled back for a reason, world demand should be better. It's a bad thing if USA demand has to carry oil ...more  
Cardinal Energy Ltd (Alberta)
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