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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 7Twiggyon Jul 25, 2022 11:30am
214 Views
Post# 34848138

In the blink of an eye

In the blink of an eyeGood Motley article, but any number of us could have penned a similar article.  Right now Cardinal is a no brainer in my book. Just surprised it has not picked up more stream before today.  Also surprised the company is not buying more at these prices.  Short numbers also make no sense as you would think only pros would be shorting. I think we are heading for the perfect storm with Cardinal caught right in the middle.  Think we will see that 52 week high happen in the blink of an eye. Can't wait to see Thursday's report.  
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