Cardinal Energy (CJ) has notable insider buying

Cardinal Energy (T:CJ)

Cardinal Energy Ltd. (CJ) has a high amount of executive buying compared to its mid-cap peers over the past three months. John Albert Brussa, a Director, acquired 25,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $6.900 through the public market on October 4th, 2023. This represents a $172,500 investment into the company's shares and an account share holdings change of 7.0%.

Cardinal Energy Ltd. is a Canada-based oil and gas company. 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 is located near Weyburn Saskatchewan. It has over 730 million original oil in place (OOIP) and its low decline production of approximately 3,100 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). 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 producing area is located in East Central Alberta and includes Venturion properties. Its North area includes Grande Prairie, Nipisi Clearwater, House Mountain, Mica and Mitsue properties.