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) > Anyone who is selling

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Comment by kavern23on Jul 15, 2021 2:12pm

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Post# 33553180

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

2.880

58800

So you think the 50000 share sell at 2.88 is a retail investor getting carried away lol?
Come on...f*ck no....

Institution took this to 3.80.

riski wrote: Well that's a great story, but the reality is that retail investors got carried away here and took this too far. Sometimes stocks get ahead of themselves and weeks like this see retail continuously hitting the ask walking the price down to a more appropriate price.

kavern23 wrote:
As noticed today...this is downside of having Eric Nuttall involved....

Both Gear and CJ have tanked more then rest and ole Nuttall and his ninepoint fund likely have a ton of redumptions and then they are forced to sell....

Nutall increases volitility....as his fund is a mutual and he is forced to sell when investors redeem

mlcb2525 wrote: No, it is just smart investors taking advantage of the people who have paper mache hands......