Cardinal Energy (CJ) has notable insider buying

Cardinal Energy (T:CJ)

John Albert Brussa, a Director, acquired 80,000 Common Shares on a direct ownership basis at a price of $2.900 through the public market on August 20th, 2021. The insider also acquired 15,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $2.870 through the public market on August 20th, 2021. This represents a $275,050 investment into the company's shares and an account share holdings change of 3.6%.

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta. The Wainwright properties (including the Hayter asset) produce approximately 4,500 barrels of oil equivalent per day (Boe/d) of predominantly heavy crude oil and associated natural gas. Its Bantry property is located near the City of Brooks, Alberta. It produces medium crude oil, natural gas and natural gas liquids (NGLs). The Company produces approximately 4,400 boe/d at Bantry property. Its Slave Lake (Mitsue) property is located approximately 280 kilometers north of Edmonton, Alberta. The property produces approximately 3,600 boe/d (light crude oil and NGLs). Its Chauvin property is located approximately 70 kilometers east of Wainwright, Alberta.