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Bullboard - Stock Discussion Forum 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... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Today's trading?
View:
Post by Kherson on Aug 31, 2023 5:35pm

Today's trading?

WTI makes a nice move on the upward side of 2 bucks US a barrel, Cardinal trades over a million shares, yet the end result is a 1 cent rise in the share price?
Anyone got any ideas other than a buyout occurring?
Kherson
Comment by harvester on Aug 31, 2023 5:53pm
Looks like .10 on my end
Comment by Kherson on Aug 31, 2023 6:19pm
Yes, I meant to post 10 cents.  Thanks harvester. Kherson
Comment by Quintessential1 on Sep 01, 2023 9:43am
Shorts piling on? Lately CJ has been swing traded and tends to dip after ex-div.   Currently it is trading 2 cents higher than its peak SP pre-ex-div for this month. Even the algos have to figure what goes up must come down and the chart shows some resistance and a trend line it is probably supposed to bounce off of. The current commodity spike might have something to say about that ...more  
Comment by Pottsy on Sep 01, 2023 10:11am
Thanks Q1, nice comments. Finally a real upswing but for how long. Not sure a buyout is in the cards now but we won't know until it happens. Good trading weather.    P
Comment by egee on Sep 01, 2023 1:42pm
The vast amount of buyouts seem to happen when the public least  expects it .
Cardinal Energy Ltd (Alberta)
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