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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 Trader124on Jan 08, 2019 4:24pm
78 Views
Post# 29202497

RE:RE:RE:RE:RE:terrible performance

RE:RE:RE:RE:RE:terrible performance
oil fundamental were not the reason. Put the dow jones chart on top of the oil chart and you will see they are identical.

The fundamental didn't change since christmas and today. Look at the gold future the amount of contracts are 10 times the real quantity of existing gold. It's all speculation so to say it won't hit 40$ simply because of fundamentals I won't bet on that.

My comments was more for the smart who want to block me. If you think im wrong then tell me why you see oil at 60$. I said oil has more chanc to hit 40 than 60. I don't know where the price will go but you must be drinking a  lot to see oil at 60$ therefore the chance of it at 40$ is more probable. And at 40$ energy stock won't be in the positive. What's hard to understand that...
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