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) > Explaining CJ's recent weakness

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Comment by highalpha1on Jun 05, 2021 1:33am

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Post# 33335485

RE:RE:Explaining CJ's recent weakness

Yes, if Nuttall as the (former) second largest shareholder of CJ has dumped his position in the company, and the share price has remained over $3, this is a good sign as some overhang on the stock has been lifted. It also merits noting that as per regulatory requirements, Nuttall is only required to disclose his top 10 holdings -- he may have reduced his position in CJ since end of April without selling his entire position.

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