RE:52 week high ! Gotcha !red2000 wrote: 2 days in a row !!!
This producer will print money for a long time !
Enough time ...
To pay down debt faster.
To increase dividend.
To increase profitable production.
See May presentation, page 7 to 12 and more...
https://cardinalenergy.ca/wp-content/uploads/2022/05/May-Corporate-Presentation-Final-to-Website.pdf
For Managing a potential acquisition !
A lot of small private producers available, tired of their business and need a nice retirement plan
To Process DD !!!
Very nice opportunities, many cards up their sleeves for Cardinal Energy
Who knows !!??
Please do your DD it's your money !
hey Red, I sold out a few positions and moved more here. I've posted a few times that I think that companies without significant shareholder return plans will be punished. I see as much upside here as with other non dividend paying oil stocks so I may as well grab the dividends. What's most attractive about the dividend is it is sustainable at 55 wti