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Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Enjoy the dividends folks!
View:
Post by Luckyguy777 on Feb 12, 2024 9:30pm

Enjoy the dividends folks!

Yield of 11+% and cash flow every month.  How can you go wrong?  

Another pay check coming on Thursday and another one confirmed for a month from now.

My guess is we will probably never realize full share value for the stock as it will be bought out by then.  I dread the day that I need to find a place to redeploy the capital and get more than a 11% yield paid every month.

Plus I don't really want to pay the tax on the capital gain from a buy out.
Comment by loopsbutterfly on Feb 12, 2024 10:05pm
just hopes the buy out will come from another company which can give you two opportunities 1-a 100% cash payment for your shares...not good for you 2-a pro rata shares  in exchange of shares of the acqueror which could be a good fit for you but no assurance about the dividend maybe good maybe bad maybe nothing as well
Comment by Luckyguy777 on Feb 12, 2024 10:16pm
If it ever turned out to be a rolled buy I would probably pay the tax and evaluate the next best investment.  I dont like to let the tax tail wag the dog. I would rather just keep collecting the dividends that are awesome!
Comment by loopsbutterfly on Feb 12, 2024 10:23pm
yeah but the acqueror could be Berkshire Hathaway.......lol
Comment by OLIVIER1951 on Feb 13, 2024 9:24pm
Donc  prix  d'  achat  takeover  pourrait-il  etre  a 8.50$  by  share
Comment by loopsbutterfly on Feb 14, 2024 10:04am
speculation nothing else...we are dreaming for now...lol
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