About Eric Nuttall call...Here is my own opinion which I humbly share.
Eric Nuttall has sold his shares of CJ, because he considers that the stock is now in the category of stocks that offer an attractive dividend !
It's now an income stock and its float is too small to allow him to buy and resell massively between 7 and 9% of the shares in circulation, via its energy income fund.
When he makes his predictions on Market call, he looks for energy stock with high growth potential, he is always in a mode of growth in the price per share. He buys through his Ninepoint Energy Fund.
Until the day these stocks redeem their shares enough to break even on their balance sheets, like Cardinal Energy.
He considers that the stock market is undervalued in terms of Market Cap in the energy sector, which I also believe. Mainly small and medium producers.
For my part, I always try to have a certain diversification in the energy sector, now :
1 large cap producer (mix oil and gas) with dividend, with growing potential.
4 Mid Cap producers (Oil) include CJ with more stability growth but high dividend.
It's tempting to be ALL IN with a 6 to 12 months horizon in more risky growth stocks that require daily monitoring of fluctuations.
But it is also reassuring to be diversified with very attractive regular inflows of funds and use more time to live your life.
I believe Cardinal Energy offers both, my target is $11 to $12 by the end of 2022, including an upward dividend of between 8 and 10 cents monthly.
From now, if that happen it's a avg. of 35% increase for the share price (60% annually)
+ an avg. annual dividend of 18% (8 cts. target for the last 6 months of 2022)
Remember, you decide what you want, so think about what you really want to live during the next 6 to 12 months and please do your DD, it's your money !