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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

Comment by TheWokeLemmingon Dec 01, 2022 11:35am
144 Views
Post# 35143194

RE:Misconduct...

RE:Misconduct...

Absolutely but with each passing day trading like this, one can't help but wonder what is holding CJ back.  It has traded like this previously as well, with no material reason, only to jump upwards once the manipulation ended.  Let's hope the buyback program is taking advantage of this fire sale.  



Gringotts wrote: Day after day, Cardinal finds itself in the penalty box with a misconduct penalty. What exactly is the infracton? For the life of me, I can't find anything untoward. It still remains a solid company with an exciting future.

So strange, so unfortunate...patience is required. 

glta

 

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