Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta) > Converted Debs

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Comment by kavern23on Mar 16, 2021 2:08pm

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Post# 32808864

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Converted Debs

65 dollar oil crushes any coral reef bro....
Lack of oil supply and greater demand is our life jacket so too speak...

And YGR recovering means more then anything to me lol.....
Time for a song

Backinblack1000 wrote:

kavern23 wrote: Both YGR and CJ had their walls taken out at like exactly same time frame.

I think yesterday some investors redeemed money out of funds that own baskets of energy stocks and today that lead to selling...selling into a market with still litlle retail following.
Those investment funds have to liquidate no matter the fundamentals of the company.

1.6m barrels refineries went back online. Hard to say if that will impact last week inventory or next weeks.

GTLA and enjoy the waves.

Contrary to popular belief if the waves throw you into a corral reef, it hurts...lol..much safer here...lol