Will Cardinal Energy Ltd Short Squeeze Soon?

 Will Cardinal Energy Ltd Short Squeeze Soon?

The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 366,911 shares traded hands. Cardinal Energy Ltd (TSE:CJ) has risen 6.90% since March 24, 2016 and is uptrending. It has outperformed by 3.42% the S&P500.
The move comes after 8 months negative chart setup for the $674.32M company. It was reported on Oct, 31 by Barchart.com. We have $8.46 PT which if reached, will make TSE:CJ worth $53.95M less.

Cardinal Energy Ltd (TSE:CJ) Ratings Coverage

Out of 2 analysts covering Cardinal Energy (TSE:CJ), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cardinal Energy has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Cardinal Energy Ltd (TSE:CJ) earned “Neutral” rating by Dundee Securities on Tuesday, January 12.

More notable recent Cardinal Energy Ltd (TSE:CJ) news were published by: Marketwired.com which released: “Cardinal Energy Ltd. Announces Closing of Light Oil Acquisition” on October 30, 2015, also Marketwired.com with their article: “Cardinal Energy Ltd. Confirms Monthly Dividend for September” published on July 11, 2016, Marketwired.com published: “Cardinal Energy Ltd. Announces Second Quarter Results” on August 02, 2016. More interesting news about Cardinal Energy Ltd (TSE:CJ) were released by: Marketwired.com and their article: “Cardinal Energy Ltd. Announces $50 Million Bought Deal Financing” published on May 25, 2016 as well as Seekingalpha.com‘s news article titled: “Cardinal Energy: Technology To The Rescue” with publication date: August 15, 2016.

Cardinal Energy Ltd. is a Canada-based oil-focused company. The company has a market cap of $674.32 million. The Firm is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. It currently has negative earnings. The Company’s Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

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