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Cardinal Energy Ltd (Alberta) T.CJ

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

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)
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Post by 7Twiggyon Jul 27, 2022 2:43pm
210 Views
Post# 34854549

7 1/2 percent up and lots of volume

7 1/2 percent up and lots of volumeUnbeliveable, money managers keep coming back to move it down and just loose their shirt. 
I would not sell for a nickel gain.  In a year that nickel gain will be 60 cents and most likely going up.
Cardinal. Cardinal beating my other oil and gas holdings I follow by around 4 percent today..  A big part is due to the buyback and debt repayment. Don't think the buy back is really in full swing. Not sure our posts matter one way or another, but I suspect there are shorts here trying to put a negative spin on things which is really hard. Makes me wonder if things are starting to leak from the report tomorrow.
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Dealroom for high-potential pre-IPO opportunities