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

Comment by Bookendson Jan 07, 2019 4:20pm

121 Views

Post# 29196886

RE:RE:RE:RE:RE:RE:RE:RE:In case you are wondering why CJ is lagging today

I think this page talks by itself...

Analyst has 28% success rate on his calls... VERY VERY low RANK (bottom 10%)...

The same Aaron was recommending a buy on CJ at 8$ less than a year ago... Now its a hold...

https://www.tipranks.com/analysts/aaron-bilkoski

Now, combine this with the awful integrety of the bank :
"TD Securities is telling its clients that a John Horgan-led BC NDP victory on May 9 will likely lead to policy changes that cause BC-based energy stocks to “under-perform.” But TD appears to have neglected a potential conflict of interest in the report penned by Aaron Bilkoski – namely that the Canadian bank is also the lead financial advisor for Trans Mountain Expansion’s $7.4 billion IPO, a project the NDP vigorously opposes."

https://theamericanenergynews.com/markham-on-energy/bc-ndp-accuses-calgary-based-td-securities-analyst-of-meddling-in-election

It is what it is... Might just be TD manupulating the market to get it's own way for whatever reason... We all know these backward looking analyst reports are useless... Just stick to your opinions and try to profit from the market over reacting to it.

Just my opinions