Cardinal Energy (T:CJ) has notable insider buying

John Albert Brussa, a Director, acquired 65,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $6.090 through the public market on December 20th, 2024. This represents a $395,850 investment into the company's shares and an account share holdings change of 14.5%.

M. Scott Ratushny, CEO and Director, acquired 10,000 Common Shares on a direct ownership basis at a price of $6.116 through the public market on December 20th, 2024. This represents a $61,160 investment into the company's shares and an account share holdings change of 0.4%.

Cardinal Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

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.