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) > Anyone who is selling

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Comment by kavern23on Jul 15, 2021 3:50pm

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Post# 33553704

RE:RE:RE:RE:RE:Anyone who is selling

Why do you expect 65 dollar oil?

OPEC isn't putting that much extra oil on the market starting in August.

OPEC will look pretty stupid making its members produce less while still only having 60-65 dollar oil.

I agree that oil can test 70 bucks but OPEC will start talking if oil slipped below 70.

CJ is such a great stock to trade because of the instutions flash selling. Anyone that bought CJ today under 2.90..likely made an easy 20-25 cents very fast.

riski wrote: Just imagine when oil hits $65/barrel which should be expected. No oil rally has ever seen oil go straight up.

DaveInvestor59 wrote: It's more than frustrating, it's effing annoying for people such as myself who are heavily invested in energy stocks. There's no reason for energy stocks to be selling off this much, and stock prices to be falling this far when WTI is still over $70.00 a barrel.