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

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta) > Hopefully tomorrow it’s not ignored like
View:
Post by blackace on Jul 28, 2022 11:14pm

Hopefully tomorrow it’s not ignored like

Baytex was today.
Comment by 7Twiggy on Jul 28, 2022 11:19pm
In the short term not sure it matters. Most of the astute retail investors will not sell. They will just sit on their hands and collect the dividend as they know in three months the 3rd quarter report will be similar. One third of it is already in the bag. 
Comment by blackace on Jul 28, 2022 11:28pm
Agree, but follow through validation is always nice.  Regardless, at today's price this thing will yield 12 to 15% by the end of Q3.  
Comment by TheWokeLemming on Jul 28, 2022 11:29pm
Part of that was market action today with the GDP announcement.   However, if Baytex had cut their debt by more than half like CJ instead of by only 13%, I bet they would have had a significant upside day.   Imagine if they had announced their debt was down to $600 instead of $1.12 billion ......  
Comment by TheWokeLemming on Jul 28, 2022 11:30pm
that should read $600 million
Comment by blackace on Jul 28, 2022 11:33pm
I wonder if Nuttal trimmed his position in Baytex today.  If so I bet he'll be into Cardinal tomorrow.
Cardinal Energy Ltd (Alberta)