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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

Comment by tvstockon Oct 19, 2017 2:15am
94 Views
Post# 26829915

RE:RE:RE:Insider sells Tim Hyde

RE:RE:RE:Insider sells Tim Hyde Thanks 

What I find out is that there is an aggressive seller on CJ . Through broker as denoted in stockwatch.

Net sell 1.8M shares last 30 days . net sell another 1.8M shares the previous 30 days  Net sell 2.7M shares the earlier 30 days.


This broker 1    single-handed ly  kill the stock price .  I see he sold at very technical points all the time.  .   Looks like a hedge fund manager.     Any ideas  to share? I see the  short interest did go up at the same time.  If this is a shortseller he has to cover sooner or later.  That 10% dividend is expensive. .

Actually at WTI 52 , even a 4.25 *2 = 8.5 share price should be considered  cheap one year ago.  Weired. And not to mention the company's per share metrics  actually improve when compared to last year if my memroy still works.
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