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.

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Cardinal Energy Ltd (Alberta) > Converted Debs

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Comment by kavern23on Mar 16, 2021 2:08pm

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Post# 32808864

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Converted Debs

65 dollar oil crushes any coral reef bro....
Lack of oil supply and greater demand is our life jacket so too speak...

And YGR recovering means more then anything to me lol.....
Time for a song

Backinblack1000 wrote:

kavern23 wrote: Both YGR and CJ had their walls taken out at like exactly same time frame.

I think yesterday some investors redeemed money out of funds that own baskets of energy stocks and today that lead to selling...selling into a market with still litlle retail following.
Those investment funds have to liquidate no matter the fundamentals of the company.

1.6m barrels refineries went back online. Hard to say if that will impact last week inventory or next weeks.

GTLA and enjoy the waves.

Contrary to popular belief if the waves throw you into a corral reef, it hurts...lol..much safer here...lol