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) > More TFSA money

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Comment by loopsbutterflyon Jan 07, 2024 9:18pm

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Post# 35814974

RE:RE:RE:RE:RE:More TFSA money

I dont know how old are you but I am 57 years old and I was there in 1987 (market crash) and I know margin account is risky no matter what you say...the leverage is good when the stock go up but it can turn very badly when the stock take the other direction....

It was one of the top reason for the 1987 crash which has been amplified especially because of the margin call and stop loss selling

I play safe

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