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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

Post by JayBankson Mar 07, 2022 8:57am
278 Views
Post# 34489615

$10?!

$10?!I don't think it's accurate, but my Scotiabank platform is indicating that CJ will have a large block sell opening today at $10.

Most of the time this number is not that accurate, especially 45-30 min out, but they are also not usually that crazy either. Even if that number is accurate at the moment, I'm sure there will be people placing lower asks closer to open to lock in a major gain before that chunk at $10 number, the 'asks' are about 60,000 more than the 'bids'...

This is somewhat useless info (fake news) I believe, but was interesting when I noticed it, but I do think $10 is possible/likely, I just don't see it as a today thing and I really hope I'm wrong!
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