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) > Oil goes up and stock goes down too funny

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Comment by meritmaton Sep 24, 2023 9:50am

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Post# 35651163

RE:RE:RE:RE:RE:RE:Oil goes up and stock goes down too funny

Pottsy wrote: Thanks Q1 always great information, I agree monthly updates would help, but why aren't they providing this. My magic carpet has let me down recently however it is saying buy and hold. I checked VectorVest, all good no issues so let's see what happens. As I said in my last post bought in at $7.23 after a sell at $7.42. This stock is good for traders but the key is patience. Thanks again Q1. P

Can't see any oil company running into issues with oil over 90. Just have to wait for 3qt results to see the positive

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