Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF | T.CJ.WT | T.CJ.DB

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)

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Comment by PeterWrighton Jan 06, 2020 12:41pm

119 Views

Post# 30522432

RE:Short squeeze pushes CJ higher

It will be interesting to see at what price shorts start adding to their positions, some will cover and some will come back. There is so much geopolitics in oil prices I can see why they short. If Iran oil comes back to market or if OPEC cuts were discontinued(no more market manipulation) I wonder where oil prices would be? Invest in the best managemnt teams in case there is a storm in the forecast, and enjoy the sun if it's shinning.

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