Cardinal Energy Ltd (Alberta) T.CJ

Another day for management to load up on shares

[TheWokeLemming]

Are they buying back much at all?  WTI now going negative as the manipulators continue driving it down.  Midterms can't come fast enough.

[CJInvestor]

Canadian insider website shows no action since august 3. I hope that wasn't it for this quarter! 

[TheWokeLemming]

If that's correct then the NCIB is pretty useless.  Increase the divvy so I can put the money into my pocket instead of promises that won't be kept.  My opinion only. 

[cre8value4me]

They bought and cancelled  2,692,402 on July 29th last reported purchase, it appears they provide month end numbers according to TD insiders reporting which comes from INK. June 30th report was 307,598 only. So it would appear from this source they have bought and cancelled a total os 3 million share re: NCIB So less than 2% by my calculations . GLTA That along with the buy back of the Lein

[CJInvestor]

Perhaps they will do 2-3 mill a quarter for the year and be at the 10m max amount per year? Who knows. But for management they are probably executing a plan and right on track!

[cre8value4me]

I would agree and that would be a sensable approach, they obviously rounded out their purchases to a round number at precisley 3 mil on the 2 transactions.