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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 Pottsyon Aug 20, 2023 12:21pm
302 Views
Post# 35596938

RE:RE:RE:RE:Sold a large chunk.

RE:RE:RE:RE:Sold a large chunk. Thanks again Quint1, to be honest we all know on this forum that there are no "gurus". My luck, and sometimes failure is driven by a database with inputs and outputs that looks at any period between 5 years to two weeks specific to CJ. The model was built by a friend of mine in Scotland who gave it to me free in Excel.  It is correct so far 61% of the time but again to be honest it has failed 25% on the buy side of the equation. I have to input certain parameters like oil price over 5 days, and some CJ parameters plus seven others. Sounds complex but I spend about 1 hour a day. The model gives me four indicators once loaded. NO BUY, POSSIBLE BUY, DEFINATE BUY AND ERROR. It can't predict sell,  so I have to monitor that real time but always set STOP LOSS.  I am with CIBC, great and simple website to buy and sell.  Hats of to the traders out there.    P
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