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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 Pottsyon Nov 02, 2023 4:40pm
767 Views
Post# 35714515

Spread range

Spread rangeToday CJ went from $7.35 to $7.55 , as a trader I caught some but what a range if you consider the oil pricing throughout the day, it is not normal. It's OK to look at the metrics but you don't need to make buy sell decisions on that, things have changed big time. The world is entering a difficult period, which will go on and on for some time we may even enter WW3. EVs are under threat, wind farms are loosing money, investment in green is under stress, oil may become popular again, guys the normal way has changed so we as investors have to.  Sorry if I upset the accountant flock.   P
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