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

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > $6.20 to $6.73 in the past 11 days

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Post by Central1951 on Nov 22, 2024 5:18pm

$6.20 to $6.73 in the past 11 days

Is that because of the rise in oil or is it because the investment community is finally seeing value in the upcoming SAGD project. If this keeps up I might get back to even
All comments welcomed. The insiders initiated new buying around the $6.20 level. Did they know what was coming?

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Comment by CJInvestor on Nov 22, 2024 5:50pm

Bit of both if you ask me. We are a year away from the project being online so investors always look ahead. Maybe that's starting to gel. Enjoy the ride back over 7.

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Comment by DivChase on Nov 22, 2024 7:11pm

That's the reason I invested. I doubled down about a week ago Just before Insiders were buying. I think new SP targets have to be set before Christmas because they're forward looking up to a year. November next year Latest l THINK new revenues should come online.

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