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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

Comment by ozkan123on Apr 13, 2021 12:58pm
123 Views
Post# 32985765

RE:RE:RE:RE:Back in the Saddle

RE:RE:RE:RE:Back in the SaddleAs much as I don't like to see it go down, I think this is just a normal correction for a quick rise we had in the last week of March.  If you look at the pattern on the charts, we also had quick ups in the first week of December and the last week of February and all of those times it levelled off to the previous highs and then continued up.
We're also controlled by the price of oil as well but the good news definately is that it looks like we're in alot better financial shape (with a strng financial backing)......it should only be a matter of time for another rise.  
I think it's a little too much expectation for this to go from $2 from couple of weeks ago to mid 3's in a month
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