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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Post by cheval57on Jul 21, 2015 8:41am
115 Views
Post# 23943931

A real bargain

A real bargainRecently, I have been a frequent buyer of that stock. What a bargain to get a monthly dividend of  7 cents at such a price. At the price it is now it means almost a 7% yield. If you read all the comments on the company, prospects are quite favorable for an acquisition before the end of the year that will increase the company's revenues and profits. According to the TSX research panel, 7 analysts are following the stock ahd 6 of them highly recommend a strong buy. Is it possible that they all are far off reality? I would be surprised. Morningstar is giving a fair market value of 15.24$ to the stock. This a conservative figure compared to other analysts. Even at that price, it is far from the 12.11$ level that it is now. Good luck to all.
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