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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by PeterWrighton Jan 06, 2020 12:41pm
117 Views
Post# 30522432

RE:Short squeeze pushes CJ higher

RE:Short squeeze pushes CJ higher It will be interesting to see at what price shorts start adding to their positions, some will cover and some will come back. There is so much geopolitics in oil prices I can see why they short. If Iran oil comes back to market or if OPEC cuts were discontinued(no more market manipulation) I wonder where oil prices would be? Invest in the best managemnt teams in case there is a storm in the forecast, and enjoy the sun if it's shinning. 
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