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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 JayBankson Nov 03, 2021 1:34pm
211 Views
Post# 34083001

RE:RE:Nuttall's top ten .

RE:RE:Nuttall's top ten .

His top 5-7 holdings seem to be very similar in weighting's around 10-14% and they float around in placement day to day based on things he has no influence on. I've done and showed the work before you can pretty much predict his portfolio company values and weighting's by doing basic maths and knowing a base set of numbers he releases, only a couple numbers and placements are usually off because he adds to some of his lower-mid weighted stuff and at some point mentions major new exits and additions.

If CJ goes from #2 down to #6 it just means other companies prices moved more than CJ in the month to influence its placing most of the time. It's not that he trimmed. Moves to notice is when your maths are way off, then that shows when he's added or trimmed positions. (I don't have current maths on his portfolio and I don't care to spend the hours of work to figure out and prove things, last time it was a 6-8 hour project to go hunting for information, show 3-4 months of moves and create predictions and it was pretty accurate and you could make good notes from it)
 

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