Cardinal Energy Ltd (Alberta) T.CJ

Anyone who is selling

[divime1]

any oil stock hasn't got a clue about investing .  Oil is at $ 73  and Capex spending is cut to the bone . Hedges for this quarter will be a fraction of what they were at the beginnibg of the year . 
Pot stocks are burning cash and oil stocks are piling it up .

[mlcb2525]

I agree. Some people do not deserve to make money or at least should have a professionall managing their money.....................

[Coopsvw92]

This recent sell off is frustrating.  I don't get it.  I'm here for awhile yet.

[jx7000]

Don't worry about it. It's what the bots do to create buying opportunities for the insiders.

[mlcb2525]

No, it is just smart investors taking advantage of the people who have paper mache hands......

[kavern23]

As noticed today...this is downside of having Eric Nuttall involved.... Both Gear and CJ have tanked more then rest and ole Nuttall and his ninepoint fund likely have a ton of redumptions and then they are forced to sell.... Nutall increases volitility....as his fund is a mutual and he is forced to sell when investors redeem

[riski]

Well that's a great story, but the reality is that retail investors got carried away here and took this too far.  Sometimes stocks get ahead of themselves and weeks like this see retail continuously hitting the ask walking the price down to a more appropriate price.  

[kavern23]

2.880 58800   So you think the 50000 share sell at 2.88 is a retail investor getting carried away lol? Come on...f*ck no.... Institution took this to 3.80.

[DaveInvestor59]

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.

[2021Gamble]

while I agree about the 'frustrating' part..... it was really not unexpected....a run-up through the first week of June...with a peak the exact same thing happened last year, during the exact same week.... I think last year we peaked on June 5, and this year I think it was June 7. expect a sell down for 10 more weeks imo.....play that as you see fit.... anyway, just one persons

[DaveInvestor59]

Right, a sell down for the next ten weeks will take us right back to where we started after the pandemic hit in March 2019. If that's where we're going back to I'm bailing now lol.

[2021Gamble]

Oh, come on....I didn't say we're going to retrest the 52 week low of 0.38 did I? But imo, we will trade sideways and down despite the good oil news this summer. If I had to put a number on it, we will approach 2.00 at some point, 50% of the 52 week high +/- I'm just a O&G long....with too much time to watch the manipulation in the market, so what do I know really - it is all

[DaveInvestor59]

It's very hard to say where energy stock prices are heading this summer, but most analysts I've seen lately on BNN are still bullish on WTI and energy stock prices in the foreseeable future. It's hard to tell though, because I've noticed that when WTI is down a bit the market overreacts and some energy stocks go down a lot. It can be a very volatile sector, and I wish institutional

[kavern23]

I wish retail investors would get back into the energy sector lol. I totally thinK Eric Nuttall is b*llsh*tting when he says strong retail interest and buying. I mean Eric writes financial post articles as he knows if retail market was actually buying energy stocks...things would be more stable.  Eric always talks about the generational opportunity for retail. I think summer will be alot

[riski]

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

[kavern23]

Riski...I forget the day...but I remember seeing a block of 300,000 shares for sales at above 3.30 and it got bought in one swoop... Sure CJ has some retail but retail isn't driving the bus....

[kavern23]

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