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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

Post by JohnBP1on Mar 04, 2020 11:31am
138 Views
Post# 30765502

The spreadsheet says

The spreadsheet saysA number of indicators that the analysis is indicating:  1. The volume of non committed traders has increased by 32%, MEANING BUY/SELL  not hold. 2. According to trend, and although we are at $1.90 at present, CJ will decline until Friday with a close of just under $1.80...   The oil stocks are so volitile that a large group of TRADERS has moved into oil to 'rape and pillage"..  some from overseas with big $...   as small investors in oil (the big guys dont look at this forum), we need to make a decision about   trading,   hold,  exit all CJ or hold some...  as I have said before, the pressures in Alberta and oil could cause some of the juniors to go bankrupt (hate saying that but lets be real), its a mess lets be real......   J
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