A shocking comparison for CJ, thanks Jim Cramer ! Last night Jim Cramer pumped High Peak Energy (HPK) for 10 minutes because he was amazed by its potential earnings. He said "they break even at $34 usd". The look on his face was like the day he discovered ice cream.
For 14000 bbl/d it's market cap is (was)----2.2B
Or Cardinal 20000 bbl/d and a market cap of 1.1B
Hpk does have a dividend however with a whopping .05% yield ! Cardinals in a few months should be what 10-15% @ current pricing ?
So down to the core you can have Cardinal with more production for half the price and a huge dividend coming down the pipeline.
Why am I mentioning this ?
Because Jim's pump gave HPK a 20% jump this morning !
When people flock into CJ, come some sort of big news (hint) LTFO !