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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

Post by masfortunaon May 12, 2022 9:17am
168 Views
Post# 34677199

Gains

GainsSo after giving back most of the gains yesterday on an up oil day,  CJ should go down further since oil is red?  Not sure what to make of these markets at the moment. Everybody is afraid of a recession except that indexes are trading like we are already in a depression. Nasdaq is down almost 30% and the Dow is at 15%. Those are already large corrections.  Are we to assume that if we go into a recession the Nasdaq drops another 30% and the down another 15%???  Those numbers echo the market crash during the Great Depression...Wow!
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