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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum 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. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.


TSX:CJ - Post by User

Comment by BadShituationon Apr 13, 2021 2:06pm
113 Views
Post# 32986218

RE:RE:RE:RE:RE:Back in the Saddle

RE:RE:RE:RE:RE:Back in the Saddle
I agree. Nothing stands out to me except for our outperformance compared to oil. I took a few weeks off and wasnt watching trading, but here is a little perspective since march 1st:

WTI: down about 2% from march 1st.
CJ: Up 40% from march 1st.

We ran hard, and we knew there would be people looking to exit as we approach their entry prices from before covid. This is a just an ordinary, health pullback for a future continuation of upside.




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