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Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District... see more

TSX:CJ - Post Discussion

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Post by TheWokeLemming on Jun 28, 2022 2:28am

NCIB

Completely unexpected!  It appears CJ may have eyes on going private.  I still think they increase the divvy July 28 as well.  This is exactly what Nuttall was looking for .... too bad he doesn't recognize it.   When's that re-rating??? My opinion only.
Comment by JohnnyDoe on Jun 28, 2022 6:19am
in the short term it means they've got more fcf than they want to pay out. This is a great move! Push extra fcf into the ncib, ultimately lower the sustainability of the dividend. This time next year I will have consolidated my oil and gas into dividend payers with sustainable payouts in the low 50s.
Comment by TheWokeLemming on Jun 28, 2022 7:50am
One of the things that I like the most about this company is the already low share count.  Lowering it just means they become more valuable.  I often hear Nuttballs refer to "re-rating" energy stocks.   Is that the banks re-rating the companies that he's talking about?   Regardless, CJ must be leading the pack with such a high-yield dividend and now this NCIB ...more  
Comment by steve957 on Jun 28, 2022 8:50am
its way undervalued, the ceo thinks so too !!!!  the share price should reflect a 4 to 5 % dividend just like CJ peers !!!!!!!!!
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