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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 Indicatoron Dec 19, 2022 7:21pm
283 Views
Post# 35181014

CHART ... and a happier New Year to all !

CHART ... and a happier New Year to all !CJ oversold and approaching $6.50 significant support.

If heavy hands are playing with this stock, I'd guesss they flush into low $6's previous support and rise back above $6.50 shortly thereafter, just in time for New Year lack of supply thesis to begin to play out and oily names, including CJ, to start rocketing again.

Chart will autodelete in 5 days (if Stockhouse doesn't replace it with Market Herald sooner).

Good luck!

CJ-Dec18-2022
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