Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

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.

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Cardinal Energy Ltd (Alberta) > 700 calls

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Comment by JayBankson Sep 28, 2023 1:17pm

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Post# 35659779

RE:RE:RE:RE:700 calls

I should have included this on my previous post.

He is buying the calls for $1.20ish with the intent to sell out for $6-8ish in his 6 month expectation before they get called to sell out for about $350-400k at a cost to him of about $35-60k... If the price rises to $8.50 (or a little less) he is up money.

It's not a bad game to play, you just need to have the backing, understanding and balls to pull it off...

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