Cardinal Energy Ltd (Alberta) T.CJ

CJ story

[MadeInHeaven]

You have to understand that there are shareholders who bought CJ well below 2 $ like Eddi for him dividend is well above 30%. More important is not to allow the situation from 2019 happen again. Strong ballance sheet and buybacks and sustainability. CJ is a gold mine and opportubity of a lifetime.

[cashworx22]

This post has been removed in accordance with Community Policy

[divime1]

My average cost price is .57 . Many others here also bought in that range . I bought when most thought Cardinal was going ot zero . The shorts were having a field day with Cardinal and many other oil stocks .  My current dividend yield is 105 % .

[Luckyguy777]

I also bought a lot of CJ when it was cheap but average cost is irrelevant when determining yield.  With a low average cost we might be sitting on a large % gain but it doesn't change the yield %.

[divime1]

So you're saying when they increase the dividend from 5 cent to say 10 cents the yield on my original investment won't change ? If they continue to pay 5 cents a monthsmI will have my original investment back in a year . At 10 cents I will have it back in 6 months .

[Luckyguy777]

In my mind the yield is what I am getting based on current value.  The cost is irrelevant as there is always the opportunity to sell (which I am not) and buy something else.  If the yield based on current value declines, I may sell.  To look at yield vs cost doesnt tell anything about the current market environment.

[divime1]

Luckyguy I could sell today and have a nice capital gain but the fat dividends would end . I could buy another oil stock but which one has more upside than Cardinal . Also at it's current price Cardinals yield is 7.7 % . There isn't another oil stock that is even close to that yield . Also it has along way to go to get to it's all time high. At $ 21 it was deep in depth as compared to

[sclarda]

Luckyguy777 wrote In my mind the yield is what I am getting based on current value.  The cost is irrelevant as there is always the opportunity to sell (which I am not) and buy something else.  If the yield based on current value declines, I may sell.  To look at yield vs cost doesnt tell anything about the current market environment. -----------------------------------------------

[Carlo2021]

VET

[NonCredibleSrc]

No man - dividend yield is based on your average purchase price.