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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

Comment by ozkan123on Mar 29, 2021 3:28pm
159 Views
Post# 32899915

RE:something which we don't know of for CJ

RE:something which we don't know of for CJAfter 4 or 5 years of holding this and averaging down a year ago, my thoughts 10 months ago were if it could back to 1.30ish then I would be real happy and break even.  If it got to 1.75 I would be real happy and if it got to 2.25 then I would be dancing and sell right away as there seemed to be a big resistance there.

Now that we got to where we are in a short time,  the little pr*ck on my left shoulder is telling me to sell and buy back later cheaper.....while the other litlle pr*ck on my right shoulder is telling me to hold in case there's an offer of 3.25+++++
Trying to figure out which of the devils to listen to.
But I am happy where we are thanks to mgmt and of course the white knoght that came in time


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