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

Comment by PUNJABIon Dec 21, 2017 11:50am

99 Views

Post# 27205952

RE:Make it hurt bulls!

There is little indication of short covering so far. If there is any in the last two days then it has been very minor .

Yesterday anonymous was the largest sell. Some of the trades could be HFT or small spread trading. You would see short covering when Anonymous is the top buyer.

Barclays could be index related buying. Lot of oil stocks have been kicked out of indices. Oil sector is very unpopular at this time. There has been huge exit of funds from the sector. The new investors have been very reluctant to come to oil sector. If oil price continue to stay above $55 to $60 then all the oil companies will be generating decent amount of free cash flow then investors will not ignore the sector.

So far the investors have not bought into in the run up in oil prices. Once the sector recovers then one by one you will see oil stocks being added back to different indices and recovery of share prices..

Todays position

House Positions for C:CJ from 20171221 to 20171221

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
90 Barclays	43,700	207,822	4.756	1,500	7,072	4.715	42,200	-200,750
39 Merrill Lynch	33,000	158,924	4.816	6,400	30,753	4.805	26,600	-128,171
89 Raymond James	15,900	76,747	4.827	0			15,900	-76,747
13 Instinet	28,600	136,319	4.766	14,200	67,986	4.788	14,400	-68,333
79 CIBC	119,584	571,419	4.778	105,350	501,137	4.757	14,234	-70,282
80 National Bank	29,550	140,290	4.748	20,600	98,070	4.761	8,950	-42,220
1 Anonymous	176,800	845,711	4.783	169,500	811,504	4.788	7,300	-34,207
22 Fidelity	5,871	28,356	4.83	0			5,871	-28,356
101 SG Capital	7,200	34,544	4.798	2,900	14,071	4.852	4,300	-20,473
19 Desjardins	3,500	16,450	4.70	0			3,500	-16,450
74 GMP	23,400	111,176	4.751	20,150	97,513	4.839	3,250	-13,663
59 PI	5,100	24,696	4.842	2,000	9,620	4.81	3,100	-15,076
77 Peters	10,000	47,100	4.71	7,300	35,478	4.86	2,700	-11,622
33 Canaccord	2,000	9,457	4.729	0			2,000	-9,457
53 Morgan Stanley	16,200	77,356	4.775	14,300	68,299	4.776	1,900	-9,057
88 Credential	1,400	6,830	4.879	0			1,400	-6,830
99 Jitney	700	3,304	4.72	200	972	4.86	500	-2,332
124 Questrade	4,120	19,438	4.718	4,100	19,845	4.84	20	407
57 Interactive	25	118	4.72	10	48	4.80	15	-70
58 Qtrade	1,000	4,700	4.70	1,275	6,113	4.795	-275	1,413
84 Ind Trading	12,525	59,526	4.753	12,806	60,816	4.749	-281	1,290
68 Leede	3,700	17,353	4.69	5,000	23,500	4.70	-1,300	6,147
7 TD Sec	175,676	839,119	4.777	182,959	874,506	4.78	-7,283	35,387
85 Scotia	11,778	55,620	4.722	32,390	155,850	4.812	-20,612	100,230
2 RBC	36,364	172,625	4.747	79,556	380,897	4.788	-43,192	208,272
9 BMO Nesbitt	7,370	35,384	4.801	92,567	436,334	4.714	-85,197	400,950

Yesterday

House Positions for C:CJ from 20171220 to 20171220

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
2 RBC	454,708	2,139,064	4.704	239,553	1,109,946	4.633	215,155	-1,029,118
90 Barclays	147,100	690,596	4.695	0			147,100	-690,596
79 CIBC	371,826	1,731,219	4.656	254,247	1,193,813	4.695	117,579	-537,406
65 Goldman	55,500	257,647	4.642	505	2,343	4.64	54,995	-255,304
53 Morgan Stanley	83,700	391,595	4.679	33,778	161,875	4.792	49,922	-229,720
13 Instinet	65,300	302,053	4.626	29,300	135,711	4.632	36,000	-166,342
7 TD Sec	218,690	1,016,822	4.65	194,619	913,581	4.694	24,071	-103,241
9 BMO Nesbitt	81,940	386,848	4.721	58,845	275,173	4.676	23,095	-111,675
39 Merrill Lynch	104,000	485,266	4.666	88,900	421,646	4.743	15,100	-63,620
85 Scotia	86,929	401,594	4.62	79,809	374,070	4.687	7,120	-27,524
19 Desjardins	10,200	46,910	4.599	3,900	18,875	4.84	6,300	-28,035
68 Leede	5,600	26,152	4.67	0			5,600	-26,152
101 SG Capital	8,600	39,520	4.595	3,700	17,667	4.775	4,900	-21,853
22 Fidelity	5,000	23,175	4.635	362	1,697	4.688	4,638	-21,478
99 Jitney	2,700	12,555	4.65	1,100	5,187	4.715	1,600	-7,368
58 Qtrade	5,850	26,906	4.599	4,500	21,088	4.686	1,350	-5,818
57 Interactive	710	3,291	4.635	10	47	4.70	700	-3,244
72 Credit Suisse	200	920	4.60	0			200	-920
84 Ind Trading	25,647	119,620	4.664	25,480	118,883	4.666	167	-737
5 Penson	143	667	4.664	0			143	-667
88 Credential	0			35	163	4.657	-35	163
28 BBS	0			50	239	4.78	-50	239
33 Canaccord	2,000	9,100	4.55	2,500	12,000	4.80	-500	2,900
76 Industrial Alliance	0			1,500	7,110	4.74	-1,500	7,110
59 PI	0			2,000	9,620	4.81	-2,000	9,620
80 National Bank	23,137	107,893	4.663	60,856	285,436	4.69	-37,719	177,543
124 Questrade	5,220	23,964	4.591	66,400	313,294	4.718	-61,180	289,330
73 Cormark	0			100,000	456,804	4.568	-100,000	456,804
74 GMP	55,400	255,540	4.613	169,700	782,253	4.61	-114,300	526,713
89 Raymond James	752,700	3,463,528	4.601	929,211	4,276,938	4.603	-176,511	813,410
1 Anonymous	640,700	2,981,158	4.653	862,640	4,028,144	4.67	-221,940