Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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

Cardinal Energy Ltd (Alberta) > Explaining CJ's recent weakness

<< Previous

Bullboard Posts

Next >>

Comment by highalpha1on Jun 05, 2021 1:33am

182 Views

Post# 33335485

RE:RE:Explaining CJ's recent weakness

Yes, if Nuttall as the (former) second largest shareholder of CJ has dumped his position in the company, and the share price has remained over $3, this is a good sign as some overhang on the stock has been lifted. It also merits noting that as per regulatory requirements, Nuttall is only required to disclose his top 10 holdings -- he may have reduced his position in CJ since end of April without selling his entire position.

<< Previous

Bullboard Posts

Next >>

Rich TV Live's Stocks to Watch this week (May 31, 2024)