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

Comment by Cardboard1on Apr 05, 2019 3:08pm

90 Views

Post# 29589401

RE:RE:RE:Oil has cracked 63 bucks....

I hope that you are right Don but, we have been hurt so many times before. So many false starts. Again I am still very exposed.

Volatility is also crazy in some of these names that I can likely buy them back at similar prices as they were yesterday on Tuesday or Wednesday next week. Then the headlines could be bad and it will be scary to buy. Always a good one that lag or acts bizarre.

Next week there is the Fed minutes, Brexit, ECB. Then SPY, QQQ, AMZN, AAPL all climbing higher on ever decreasing daily volume. Doesn't feel like the time to play heroes.

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