Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum 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. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 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 operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Post by ABOilon Jun 08, 2017 3:16pm

133 Views

Post# 26341787

Deal

The truth is the deal is not sold, and the market can completely read through that. People who did buy got 100% fills...a bad sign. The problem now is the dealers are long a lot of stock and CJ has a massive overhang, so you are now in a Mexican standoff. You are beyond the re-pricing zone, so now we are in uncharted territory. Can you break the deal? At this point, I would.

Bullboard Posts

NervGen: Are amazing human trial results leaking out?