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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 kavern23on Feb 17, 2021 12:45pm
58 Views
Post# 32585492

RE:RE:RE:Oil is UP

RE:RE:RE:Oil is UPYou guys are more uptight on alittle weakness then me:)...not too early for a rye and ginger if needed but I am really relaxed.
I started reviewing CJ 2020 releases more and CJ did have a chance of going bankrupt...the whole debt faculty was listed under current liabilities for awhile...we all knew what that meant?
Very very fortunate. A small drop isnt a reason to get upset.

Weak days are a silver lining...I would rather buy on down days then up days usually....

It is possible we test 1.40....but the selling depth still looks great.  1.52 ish looked like the greasy resistence.


Spend what you can afford and leave alittle capital and powder dry for a pullback day I think is best strategy. GL all

Backinblack1000 wrote:
kavern23 wrote:
sylvain_007 wrote: My thought is we'll return over 1,50 today. For me, here is no reason to sell.


I hope we close over 1.50 bro...I gave CJ another drink at under 1.45,....f*ck it only live once



man...why did i read the bb before adding...lol....you don't think this is the bankers trying to get cheap shares before api??


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