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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF | T.CJ.WT | T.CJ.DB

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 Luckyguy777on Jun 02, 2022 8:31pm
121 Views
Post# 34728193

RE:RE:RE:RE:RE:is this halted ???

RE:RE:RE:RE:RE:is this halted ???Suncor was ex-dividend today that could be why it is down.  Some of the others that have been up recently (CPG, ARX and ENF) could be because their hedges are coming off and was higher but coming down.  They have been held down because of the hedges and high debt and as they come off they will spike just like CJ did.  CJ is still my largest holding and I have sold none but it generally needs some news to move up.  The next news might not be until Q2 results but I am content to wait and if it dips significantly I will buy more.  Anyone that gets unsettled on the day to day price action on a company the size of CJ is either a day trader on the swings of a small cap or should be invested elsewhere.


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