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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 2021Gambleon Jul 15, 2021 1:19pm
113 Views
Post# 33552875

RE:RE:RE:RE:Anyone who is selling

RE:RE:RE:RE:Anyone who is sellingwhile I agree about the 'frustrating' part.....

it was really not unexpected....a run-up through the first week of June...with a peak

the exact same thing happened last year, during the exact same week....

I think last year we peaked on June 5, and this year I think it was June 7.

expect a sell down for 10 more weeks imo.....play that as you see fit....

anyway, just one persons opinion....

cheers!


DaveInvestor59 wrote: It's more than frustrating, it's effing annoying for people such as myself who are heavily invested in energy stocks. There's no reason for energy stocks to be selling off this much, and stock prices to be falling this far when WTI is still over $70.00 a barrel.


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