Bullboard - Stock Discussion Forum 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... see more

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > MACD crossing down

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Post by Cobalt on Aug 10, 2023 1:01pm

MACD crossing down

Is that the end of this run? Pull back now in the cards?

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Comment by JohnnyDoe on Aug 10, 2023 2:38pm

You should sell and get out of oil altogether

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Comment by Cobalt on Aug 10, 2023 2:45pm

Thanks you are probably right looking at this chart, reload at new lows in Dec/Jan

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Comment by TheWokeLemming on Aug 11, 2023 4:05pm

Cobalt I appreciate your posts, but you've been wrong on oil this week. Other than a bad inventory report next week, why would oil retrace? All signs are showing positive momentum at least until the Saudis go back to higher production in October.

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