Cardinal Energy Ltd (Alberta) T.CJ

Misconduct...

[Gringotts]

Day after day, Cardinal finds itself in the penalty box with a misconduct penalty. What exactly is the infracton? For the life of me, I can't find anything untoward. It still remains a solid company with an exciting future.

So strange, so unfortunate...patience is required. 

glta

[divime1]

I guess people don't like a 9 % yield even though it's well covered and will rise again in the new year .. Maybe it's because it only has about 156 million shares so funds like Nuttall can't play with the price . The banks don't like it because Cardinal will be debt free in a few months . Eventually some larger company will decide to take it out . Lets hope we fill our bank

[TheWokeLemming]

Absolutely but with each passing day trading like this, one can't help but wonder what is holding CJ back.  It has traded like this previously as well, with no material reason, only to jump upwards once the manipulation ended.  Let's hope the buyback program is taking advantage of this fire sale.    

[TheWokeLemming]

It was also be illegal for this to be traded downwards on knowledge of something like a buyout were in play.   Most likely this is just shorters keeping it down, hoping to fleece sellers before the manipulation stops.   BUYING OPPORTUNITY!   My opinion only.  

[JohnnyDoe]

  Maybe folks need to step back and take a hard look at what CJ is.  Does it have huge organic growth prospects? No.  Can it generate sufficient fcf to pay it's dividend and acquire production without taking on significant growth? No, it can't really do that either.  So what then is it? What is is a safe place to park money at near 9% with limited threat to that

[BooHooDeckDoody]

Very well said and thank-you for your voice of reason. Before the 2020 oil crash and 2022 rise CJ was known as a low decline rate dividend paying company. So should be no surprise that is what they are now. 

[JohnnyDoe]

  Geez i should have read my post before hitting post. A few brain farts.  It can't pay the divvy and buy production without taking on debt.  Yep. Low decline divvy payer. That's what this is. 

[egee]

Monthly. 9%.  Nice

[BigJake]

Good to hear from people that base their thoughts on reality and live on planet earth for a change. I too am happy to hold some shares in CJ but have no illusion that they will be bidding on CNQ anytime soon