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)

Bullboard Posts

Post by survivor2015on Dec 28, 2017 9:24pm

157 Views

Post# 27242354

Shorts get squeezed when stop losses get hit with + momentum

Short squeezes happen on the way up the same way capitulation happens on the way down. When stop losses get hit in mass.

I agree with punjabi we haven't seen this yet but I can't understand the motivation of short sellers here. Makes no sense.

With the stock above $5 and fully marginable now and with dividends completely safe with oil trading at $55+, it's just a matter of time before we start hitting the short seller's stop losses.

My amateur trading read of the technical charts indicates this might happen any day now and certainly after the resistance at $5.40 or so.

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