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.

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Cardinal Energy Ltd (Alberta)

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Comment by yggdrasilllon Oct 19, 2017 1:39pm

92 Views

Post# 26832519

RE:RE:RE:RE:RE:RE:RE:1 year ago, we were at $9.83 and oil was at $51

You don't lose anything unless you sell. If you have faith that this stock can go back up to $4.90 like it was a couple weeks ago, then hold. If you don't believe it can, sell. But IMO it should be hard for this stock to dip much more as long as oil stays above $50, and I can afford to be patient when I'm receiving a nearly 10% dividend.