Cardinal Energy Ltd (Alberta) T.CJ

Thinking of buying a position...

[Kherson]

The cash is in my account but I think I will sit the day out. My thoughts are if WTI drops below $100, CJ share price will have a 6 handle.
Kherson

[dukdukduk]

yup... possibly, a wise move on your part WTI massacred overnight. Another one of those historical Wile E. Coyote drops

[Kherson]

I was thinking exactly as you stated duk until I just read about the Russian oil refinery being hit by Ukrainian drones. Having spent some time in Odessa a few years back and seeing the hate between the two warring factions, things are gonna get alot worse. I pulled the trigger and bought a position @ $7.66 a share. That gives me a yield of 7.8% and my line of credit is currently charging me 6.45%

[Kherson]

I posted this on the 22nd. It has been an interesting week. Glad I held onto my position, but wish I was better at timing the Market! Kherson

[Sammy9]

This post has been removed in accordance with Community Policy

[Jerichos1]

This post has been removed in accordance with Community Policy

[vladpanka]

This post has been removed in accordance with Community Policy

[Kherson]

I posted the above on June 22nd. The only change is that the interest rate on my line of credit has increased to 7.45%. Looks like my capital gain is the definition of free money? Kherson

[mckayk3]

hopefully its a HELOC... ;)

[Re1ndeer2]

You know the share price is expected to increase , right?

[Seahawk001]

I doubled up 1/2 hour before the close yesterday :)....year low is $2.29, whoever's been in and added all the way up, id like to see your balance lol. Im not sure where i came across Cardinal but its been good to me and im a late comer GLTA

[Luckyguy777]

I started buying this thing somewhere between $6 and $7 when they were paying a healthy dividend.  I rode it all the way down and loaded up under $1.  Cost is now under $3 and sitting on a life changing gain and enough monthly cash flow to sit back and watch.  I could sell it all and have enough for life but I am not sure where else I can get close to a 10% yield and fundamentals

[Seahawk001]

Good for you man, i bought 25,000 WCP ( 1.60ish) during covid and i even think the CEO unloaded them on my bid, thats how crazy it was making people, i bought a Harley during covid at christmas, i made $$ on that if i sold it today lol  Short story long WCP closed today around $9.75, i was also in Air Canada at $3 that hit $50+ shoulda, woulda, coulda but i like oil :) 1/2 my life savings in

[Kherson]