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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > CJ and Nuttal
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Comment by kavern23on Jun 07, 2021 10:15am
136 Views
Post# 33339582

RE:RE:RE:RE:RE:RE:RE:CJ and Nuttal

RE:RE:RE:RE:RE:RE:RE:CJ and NuttalJay or anyone else..do you know the mechanics on how Ninepoint Fund works?  Is it option 1 or 2  below.

1. Are they taking and raising a set amount of money from investors like for example 100m (using the 100M number for example purpose) and then investing in a basket oil stocks? IE the 100M is static amount unless they raise more money.

or

2. Is Ninepoint like a mutual fund in that if investors put or pull money out...the following day the whole fund has to be rebalanced.  More money flowing in = more purchases of stocks the next day.

What what I can tell...I think it is set up like 2...mutual fund.

If it is set up like option 2....the more of a bull market that happens (investors depositing more into the fund)...the more influence the fund could have in future.
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