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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 forecast123on Mar 29, 2021 3:41pm
135 Views
Post# 32899984

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

RE:RE:something which we don't know of for CJA lot of free cashflow is not enough a reason to account for this abnormal huge rising momentum....   Something  (some plans) is brewing....and some people know about it...   Bear in mind Eric Nuttall always said CJ has a lot of free cashflow but he didn't get in for a huge position not until a few days ago....   Also, the white knight is not an ordinary Mr something....  He got into CJ with a plan in mind...   This momentum is abnormal bc compared with  WCF which  had a good announcement (increase in production) today yet performed so-so together with a down market....    
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