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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Post by Bennys65on Apr 01, 2017 6:05am
338 Views
Post# 26062133

Craft oil

Craft oilCraft did the deal with us at 9,17 per cj share.This has all the hallmarks of a distessed sale.I wonder,pure speculation if they shorted their stock going into the close of march 20 being nervous about the market.Cj started its rise from 6.37 on march 21.Speaking of shorts went to stockwatch and in order to get short interest on cj have to get free emails.Anyone got the short interest.Looking at the last news release cj describes the 1.9 net 3 gross wells at mitsue as being successfull.For budget purposes Scott said these wells were conservativly risked at 100 bpd and said that if we got that flow rate the company would not consider it economic.Its hard to guess what the company means when they say the wells were successfull.We need some hard news
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