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) > $63 Oil And Yet We Slide Lower

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Comment by kavern23on Apr 19, 2021 11:17pm

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Post# 33027091

RE:RE:RE:RE:RE:RE:$63 Oil And Yet We Slide Lower

I think sentiment will improve soon...if not by tomorrow...
I think Cardinal is in for a 15-20 cent gain in one day...very soon as long as this builds momentum wise.

I am very bullish on oil prices as well as long as things don't get any dicey with covid and they shouldnt. USA will be close to half population soon with vaccine.

64 WTI oil mentally my boost traders spirits...

Backinblack1000 wrote: Maybe that covid story in india will take a back seat for a couple of day??

Light Crude Oil (CL1:COM)

63.80 0.42 (0.66%)

Backinblack1000 wrote: Will check on the articles that tells about robust China economy...in the mean time...nutal is thinking different than you..

kavern23 wrote: Some of the weakness overall in the general sector has to be due to Covid Variants spreading...especially in India who is a large oil importer....

While oil is over 63 right now...if a third wave and a tight lockdown in India happens it would bring on -2 to -3 dollar oil days.

Investors are risk adverse...they want to see more visibility on Covid and the impacts.

My fingers are crossed that vaccines happen at a fast pace.

Backinblack1000 wrote: Perhaps there are traders / investors that no longer hold a stock for a period as long as four months??...and just try and time the market??

yggdrasill wrote:
From $0.39 to $2.8 in 4 months, and you still aren't happy? Tough crowd.

bonjovi501 wrote: no love for oil stocks time and time again. One day it would be nice to see oil stocks climb each day for a month. Enough of this cr@p.....