Cardinal Energy Ltd (Alberta) T.CJ

RE:RE:RE:RE:Misconduct...

[BigJake]

JohnnyDoe wrote:

TheWokeLemming wrote:

It was also be illegal for this to be traded downwards on knowledge of something like a buyout were in play.   Most likely this is just shorters keeping it down, hoping to fleece sellers before the manipulation stops.   BUYING OPPORTUNITY!   My opinion only.  

 

TheWokeLemming wrote:

 

Absolutely but with each passing day trading like this, one can't help but wonder what is holding CJ back.  It has traded like this previously as well, with no material reason, only to jump upwards once the manipulation ended.  Let's hope the buyback program is taking advantage of this fire sale.  

 

Gringotts wrote: Day after day, Cardinal finds itself in the penalty box with a misconduct penalty. What exactly is the infracton? For the life of me, I can't find anything untoward. It still remains a solid company with an exciting future.

So strange, so unfortunate...patience is required. 

glta

 

 

 

 

Maybe folks need to step back and take a hard look at what CJ is. 

Does it have huge organic growth prospects? No. 
Can it generate sufficient fcf to pay it's dividend and acquire production without taking on significant growth? No, it can't really do that either. 

So what then is it? What is is a safe place to park money at near 9% with limited threat to that money. If that's your game, the only thing that should matter is what wti price puts the dividend at risk. I think that number is probably high 60s. 

If what you're looking for is a 50% growth stock there are probably better opportunities out there in the cdn mid cap space. 

We're not likely a very attractive acquisition target higher. 20k production in older fields that are paying out top royalty rates because initial capex is recovered. There's likely more attractive assets for those companies looking to acquire

I'm quite good with the money cj puts in the bank every month. And I've got other plays where I have much higher expectations of capital appreciation. But those plays aren't making that monthly deposit 
 

Good to hear from people that base their thoughts on reality and live on planet earth for a change. I too am happy to hold some shares in CJ but have no illusion that they will be bidding on CNQ anytime soon