Cardinal Energy Ltd (Alberta) T.CJ

wti is down sharply at the time of writing

[loopsbutterfly]

the next resistance for CJ is at around $7,05 if you look at the 1 year stock chart

[loopsbutterfly]

I have a very good feeling for August 16  time will see if I will be right !!!! happy trading gracias   grinnnn....

[UltraTired]

Don't see how CJ can stay above $7.00 if WTi goes below $80.00.

[loopsbutterfly]

yeah I have the same opinion...a huge selling opportunity today just my 2 cents

[Quintessential1]

And if WTI stays above $80 or moves higher? GLTA

[lnggasfor202324]

CJ looks pretty bullish to me closed .01 off the day high wich is a good sign.  I also would like to mention that the 4 million plus shares will have to cover sooner or later.  I am exspecting a p[retty descent 2nd qtr.

[Quintessential1]

Plus an API draw reported today it should bode well for WTI if and when the EIA report concurs tomorrow as it also should. Along with all of the other tailwinds you mentioned it should be quite bullish for CJ. GLTA

[Podios2]

I agree inregards of the shorts in the meanwhile let them pay the div as well 

[loopsbutterfly]

down as expected.....far too much overhang at $7,05 August 16 is coming shortly.... covered calls out of the money last trade below $6,90 gracias   grinnnn..