Bullboard - Stock Discussion Forum 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... see more

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > something which we don't know of for CJ

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Post by forecast123 on Mar 29, 2021 1:50pm

something which we don't know of for CJ

The great momentum of CJ SP today and the previous trading day is suspicuous... There is something good brewing there which we don't know of but some ppl know and flock into purchasing the stock....

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Comment by Mtklip on Mar 29, 2021 1:54pm

Yes, possibly a buyout. The stock is trading too strong on a down day.

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Comment by forecast123 on Mar 29, 2021 3:41pm

A 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 ...more

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Comment by ozkan123 on Mar 29, 2021 3:28pm

After 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 ...more

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Cardinal Energy Ltd (Alberta)