Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

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Comment by patenright111on Apr 02, 2016 11:45am

57 Views

Post# 24723582

RE:RE:RE:RE:CARDINAL BREAKING OUT !!!!

under 6 - NO well if you think oil will hit 26 again, then ya wait but i don't see that. could oil hit 32-34 - maybe, if so CJ would be 7-8 but i think oil will hold 34-36 area and why buying low8s would be good. but i would recommend scaling in as i always do. so maybe 1/3 low 8s, and then you have more bullets if it does go into 7s.

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