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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 highalpha1on Jun 06, 2021 4:18am
151 Views
Post# 33337013

RE:RE:RE:CJ and Nuttal

RE:RE:RE:CJ and Nuttal@JayBanks: Thank you for the response. I fully agree with you that StockHouse boards are full of nonsense, toxicity and unsubstantiated opinions. People just throwout claims without even a shred of evidence. The level of stupidity on the CJ board is nothing compared to what you will find on CPG's board, which is the only oil and gas stock I currently own. 

CJ is solid company that should deliver good returns to shareholders. I bought into the stock at $1.47 and sold out at $2.73 to add to my position in CPG. The only reason I sold out of CJ was because my returns came within a month's time (mid-February to March). I knew CJ was undervalued at $1.47 but I wasn't expecting it to go up so much, so fast. If CJ underperforms CPG in the next little while and its fundamentals remain strong, I may look to re-establish a position in the company.

In any even, thank you for the civil dialogue. 
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