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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 6:28pm
138 Views
Post# 33338006

RE:RE:RE:Explaining CJ's recent weakness

RE:RE:RE:Explaining CJ's recent weakness@BackinBlack1000: I question whether you're literature or not, as my original statement about whether Nuttall sold his position or not was unequivocally clear. I will quote my previous message for your benefit:

"Third, there is no verifiable proof that he has completely sold out of his position in Cardinal. Read my original message carefully. What I said was that as compared to his public disclosure of top 10 holdings from April 30, 2021, Cardinal is no longer among them as of May 31, 2021. This means that he has either sold out of his position in CJ completely or he has significantly reduced the percentage of the net asset value (NAV) of his fund allocated to CJ. The proof of this is on the Ninepoint Energy Fund webpage, which discloses that CJ is no longer a top 10 holding. See: https://www.ninepoint.com/funds/ninepoint-energy-fund/"
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