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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Post by Cersy83on Mar 24, 2020 3:10pm
174 Views
Post# 30842784

No insider buying

No insider buying

STILL no insider buying! This is truly unbelievable to me that management/ownership isn't purchasing shares at these prices in their individual portfolios. Sends such a poor message and it's likely why it's being shorted so hard and that on a day when most Canadian energy stocks are surging it's still down. 

Why would anyone buy more? Seems to me like they could know something ominous is on the horizon. What else could the reason be? 

I'm unfortunately a long in this dud.

Cersy 

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