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)

Bullboard Posts

Post by InvestLargeCon Dec 01, 2017 11:34am

213 Views

Post# 27072410

Going above 6 while oil above 60

When the market is near a multi-year trend major change, it is very risky to try trading a stock for a few cents.

See those fellow traders who wrote the last days that CJ will make a new low etc etc...

Tax selling will offer maybe another one or two changes to buy....or maybe none...Oil will stabilise above $60, CJ will climb above $6....Any news will only make it easier or hold it back temporarily, nothing more...

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