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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...
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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TSX:CJ - Post Discussion
Cardinal Energy Ltd (Alberta)
> Somethings Up
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•••
Re1ndeer2
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Post by
Re1ndeer2
on Feb 25, 2022 12:46pm
Somethings Up
Somebody buying lots....Murray Again?
(18)
•••
ROIcrusader
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Comment by
ROIcrusader
on Feb 25, 2022 12:59pm
Ya this volume is ridiculous. If I was to speculate I'd say this is the Ninepoint Income fund amassing positions. Recently, Nuttal said he couldn't find large blocks of shares for sale in some of his desired names. Baytex CJ and SGY are surging (up 5-7%) today with nearly 2x average daily volume. I mean, how are you gonna write covered calls if you don't have the underlying security
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