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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 survivor2015on Nov 11, 2017 12:17pm
121 Views
Post# 26945217

RE:RE:Shorts works so hard , like paranoids .

RE:RE:Shorts works so hard , like paranoids .
craigsol wrote:
tvstock wrote:


I guess they want to push the stock price to under 5 at close to keep margin constraints.



Margin contrain will not be increased for $CJ for sometime. Rehardless of if over %5.00 or not\





Can you explain?  I see this as a great buying opportunity here in the low $5s and I would be surprised to see this trade less than $5 but I know traders are working these really hard.  GXO with safe dividends of 13% was pushed down by short term panic selling and momentum short selling trading.

I don't know which to buy.  GXO, CJ or BTE.  Very different oil plays but appears to be best of breeds in each categories:

1. Top, safe, conservative dividend payer with strong balance sheet.
2. Top insider trading by expert oil industry insider with good dividend/income
3. Higher growth/torque stock beaten down by debt concerns
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