Cardinal Energy Ltd (Alberta) T.CJ

Does anyone know the average price per barrel of oil this Q?

[CJInvestor]

I am thinking about 77-78. If that's so how does that compare to last quarter for the company and will that bode well for earnings this time round?

[lnggasfor202324]

I'd be suprised to see oil average under $80 for the 2nd qtr.

[lnggasfor202324]

Now the person looks like the moved the block up to $6.80 playing chicken on the run.

[loopsbutterfly]

deep pocket can take it all but I keep my low ball on it

[lnggasfor202324]

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[Quintessential1]

Average price for Apr-May for WTI is $83.74 USD.  June isn't known as it isn't finsished yet but if you average in a price of $75 USD for June which is on the low side you get around $80 USD for Q2. Should bode better for earnings as Q1's average was around $77.56.  The spread on WCS should be just as good if not better too. That being said don't expect too much. 

[CJInvestor]

Thanks Q.  I'm learning to be fine with the sub 7 price even though I'm down from my initial trade at 7.10. But with a 2-3 year horizon I am learning not to worry about the fluctuations. Dividend is covering the slight drop just fine. 

[Quintessential1]

You are so going to get that capital back in spades.  If you can average down when given those low share price  opportunities take them.  You're yielding over 10% practically guaranteed now by the increased credit facility with what I believe is at least 30% upside in share price in a year maybe two.  Sit back and collect your divy and maybe swing your ACB down ...it's

[Coopsvw92]

If you don't need the cash from the div set up a DRIP.   q2 should be good. Oil up, discount down. Production up, .73 dollar!!

[Quintessential1]

I think DRIPs can be benificial especially if the company offers the plan and a discount.  I don't think Cardinal offers its own DRIP plan so the only benifit is the saved brokerage fees if you have any.  Thats why I think you can beat the DRIP as they don't always buy at the most opportune time for shareholders.  If  you have time to hold and follow the stock and buy

[CJInvestor]

I see cj on the list of Canadian drop eligible companies. Just google for the list link as it won't let me post it on here. I'm set up with drip through td. 

[Quintessential1]

Yeah most dividend stocks are DRIP eligible through your broker but not all are DRIP eligible through the company that supplies the shares itself.  The difference being that the brokerage DRIP will be fee free but the corporate DRIP will be fee free and usually has a discount on the share price paid with the dividend of sometimes up to 5% meaning you get more shares while doing nothing. 

[CJInvestor]

You are correct Q. I verified with cardinal via email. Its a synthetic drip and their real drip was suspended in 2017 to reduce dilution. So they pay in cash and then TD reinvests it for me with no trading fee. 

[Quintessential1]

Yeah I kind of thought so and DRIPing through the brokerage is not a bad way to go if your are too busy to stock watch but if you have the time,  I think you can do better than TD will do for you even with you brokerage fees attached and you keep control and have the fun of buying.  Let's face it you're kinda watching the stock anyway.  You can even save up monthly dividies

[loopsbutterfly]

yeah something like swing trade at $6,28

[Quintessential1]

My ACB blows your make believe buys out of the water.  12% yield 1%per month...not including the swings.  Not getting greedy just getting mine and not having to lie about it.  ;-) Chummmm........p! GLTA

[loopsbutterfly]

lol cash ot huge capital gain with cj and bought for peannut 2 weeks ago and close to double my position...my target is 75 000 shares and it could be my top 2 holding just behing las.a and vet gracias     grinnnnn...

[Quintessential1]

Yeah but it has been well established that you are a liar and therefore none of your trading claims can be believed.  Ride that unicorn until it dies loopy and then just mount another.  LOL GLTA

[lnggasfor202324]

Tell someone that beleives you.

[loopsbutterfly]

thanks for your support my portfolio is growing daily I could sell some call option soon in order to get more money from my cash cow thanks for the sweet dividend too. I could by more shares soon...my low ball is very close to be fill at the moment gracias    grinnnnn...

[loopsbutterfly]

I like the way shareholders are supporting each other here.

[lnggasfor202324]

I guess we don't support liars here.

[meritmat]

Keep in mind it's the WCS pricing 

[Quintessential1]

I did mention that the spread narrowed which should make it better for CJ. Also when CJ does its Future Estimates in their corporate presentation they use WTI pricing as a reference benchmark. GLTY and all

[loopsbutterfly]

yeah thanks for those $6,28 shares

[Quintessential1]

Enjoy your unicorn ride habitant.  ;-) GLTA the non-delusional investors

[loopsbutterfly]

let me inform if you have more shares for sale

[loopsbutterfly]

keep me inform if you have more shares for sale

[Quintessential1]

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[divime1]

Average: 80.62 https://ca.investing.com/commodities/crude-oil-historical-data