Post by
divime1 on Nov 12, 2022 9:20am
A prime takeout candidate .
Decreasing float of 155.7 million shares.
Production increased to 21,715 BOE
One of the largest dividends in the sector
Dividend payout at 59 %
Debt will be Zero in a few months
Claerwater drills started
ARO spending 250 % higher than required .
Comment by
Kherson on Nov 12, 2022 11:08am
I firmly believe that Cardinal is positioning itself to be bought out! Kherson
Comment by
CJInvestor on Nov 12, 2022 12:15pm
Either way we win as shareholders!
Comment by
Moremoney4u on Nov 12, 2022 4:15pm
Target price is 12.50. DIVIDEND is 8.4 %, production up, EPS UP, ETC., THE CLEARWATER area has strong paybacks, within 4 months, amazing, The new year , should bring another dividend increase, OIL price is TRENDING upwards, stock should move up accordingly. WE might even be a TAKEOVER candidate. DEBT. zero. WHAT A GEM.
Comment by
CJInvestor on Nov 12, 2022 6:04pm
Moremoney you say target 12.50. Whose target is that. Yours? Or a specific analyst? Latest published target I believe is 13.50.
Comment by
Moremoney4u on Nov 13, 2022 4:55am
OK 13.50 . EITHER way looking very good.
Comment by
CJInvestor on Nov 13, 2022 10:41am
Yep. I'll be tickled when we hit 11 bucks personally lol
Comment by
caretired1 on Nov 13, 2022 11:52am
And we get paid this week while we wait!
Comment by
egee on Nov 13, 2022 5:59pm
Payday. Less than 48 hours
Comment by
Coolson on Nov 12, 2022 5:36pm
With the current market conditon it could be worth around 2b. Edwards bought it with a plan where would be better place to cash out his 25m position.If this is the case I would be really interested which of the majors he is shorting right now.