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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
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Comment by Cardboard1on Apr 08, 2019 3:36pm
72 Views
Post# 29598290

RE:RE:RE:RE:RE:RE:AECO Price

RE:RE:RE:RE:RE:RE:AECO Price
Just sold a little bit of CJ at $3.16.

We don't know the future. Heck, these Canadian energy stocks should have been moving up by a lot ever since WTI reached $55 and differentials on both light and heavy sub $10.

So maybe it is the coiled spring effect that we have been waiting for so long just happening now.

I have also noticed that they weaken very quickly on any weakness in WTI today however, they seem to spring back up not long after which means good demand. However, will it last on a negative day for oil?

If you look at most charts we have seen higher highs and higher lows since that Christmas Eve capitulation. I have no idea if we will continue with this pattern or breakout to a new higher trading level with less volatility. So I want to remain well exposed to the sector but, have some cash on hand to take advantage of any substantial weakness.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities