RE:RE:New Press Release - Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results Nice analysis!
Based on cash flow generation, their unique high quality low decline assets and the upcoming Sag production benefits this stock is undervalued.
The current dividend should represent 8-8.5% which means this stock should be trading at $8.20 - $8.60
It's very puzzling with almost $100 CDN a barrel at current prices under these exchange rates