Post by
shenty46 on Sep 26, 2022 4:05pm
There
There looks no floor for oil and gas stocks also in this market, cardinal energy with monthly dividend of 6 cents is trading at 6.65 $, giving a yield of around 9 percent.
Comment by
Oldnagger on Sep 26, 2022 11:52pm
I have owned Cardinal for a long time and it has been a good dividend play due to its slow decline rates. But if you are investing for the future , there are other better places. Peyto is one , but it does require patience . Meanwhile a 6 % dividend will at least pay the rent while you wait !!