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) > Looks like selling CJ was the right move

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Comment by masfortunaon Apr 19, 2022 8:30am

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Post# 34612551

RE:RE:RE:RE:RE:RE:RE:RE:RE:Looks like selling CJ was the right move

Hold both if you can mate. I think Bte may run higher up to the quarter release if oil cooperates. As for CJ, it's finally moving back up but has lagged the others the last month. I think that would be normal since it had a monster run just prior. ALSO I would recommend you look at OBE if you get a chance.

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