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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 cre8value4meon Jun 23, 2022 2:00pm
345 Views
Post# 34777911

here we go again!!!

here we go again!!!If I had not seen this clean sweep many times in the past by the money changers swooping in to steal as much money as they can in short order I would not believe the disconnect being played out here between what the fundamentals and the market moves .....there is absoloutly no other reason for this price action!
DISCONNECTED MANIPULATION BY THE ALGOS!! They have all the market information that retail does not have regarding margins outstanding and I think it is just automatic when they reach a certain percentage of the stocks bought on margin the computers kick in and harvest the money. 
Rinse and Repeat has true meaning here. money begets money and selling begets selling.....stay calm and go for the ride.
GLTA 

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