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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

Post by cre8value4meon Jun 24, 2022 6:30am
263 Views
Post# 34779461

RE: sclarda's comments

RE: sclarda's commentsYes it is true I can get a little frustrated and emotional when I see hugh daily losses, which as you say are just that.... there are no real events to cause it other than the event itself.
I am frustrated with the recent sell off, Am I selling no, do I believe in the CJ story absoloutly..... sometimes it is just necessary to blow off steam or a few afternoon beers. But I am long and the point was that it could continue to sell into the weekend considering also that the EX-D day isn't till next Wednesday as well.
 Cheers and GLTA 
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