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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) > MANIPULATION
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Comment by Quintessential1on Jan 22, 2024 1:39pm
243 Views
Post# 35839292

RE:MANIPULATION

RE:MANIPULATION Weird eh?  Technicals are showing some bad mojo if you buy into those (and I do) but I thought the share price would run up to the ex-div regardless of oil being up or down.  If by manipulation you mean shorting, I think it is a pretty brave and maybe short sighted position to take right before the ex-div considering shorts pay the div on the shares they short and doesn't make sense with the traditional run up.  It would be so much safer to short after the ex-div on the dip.

GLTA

Pottsy wrote: Don't see any bad news for CJ, even BTE up, with oil up over 2%...   ??


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