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.

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Cardinal Energy Ltd (Alberta)

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Comment by PUNJABIon Dec 21, 2017 4:38pm

119 Views

Post# 27209684

RE:RE:RE:RE:RE:See the wall at 4.85?

I bought some CPG too . Wanted to buy some more around $8.50 range but the stock was there for a short time. Lesson learned should not mess for a few pennies. I do not buy any position in one order when the stock is declining. Tax loss selling created good buying opp.

Will buy more if it drop under $9.00 again. Missed $8.81 today had order at $8.71.

This stock is under cloud because the investors are unhappy with the management for being reckless in acquisition. For some they paid too much.
The stock has created a double bottom and offers very good value at these prices.

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