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) > WTI is on the comeback trail good for CJ and shareholders

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Comment by loopsbutterflyon Feb 05, 2024 6:46pm

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Post# 35864188

RE:RE:RE:WTI is on the comeback trail good for CJ and shareholders

further more when the stock went as low as $5.75 it was difficult to find the bottom because the stock chart was telling around $5.50 then I was waiting around that price but this morning was a different story as we clearly know the resistance level is $6.00 next is $5.75 and another one big resistance at $5.50

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Rig Count Soars as Utilization Surpasses Industry Averages