Cardinal Energy Ltd (Alberta) T.CJ

Terrible day to be a Cardinal shareholder.

[Deckdude]

EOM.

[bbwibone]

There is a pile of short term money switching between Canadian E&P's, trying to anticipate dividend hikes to take advantage of pumps. CJ is solid and nearly debt free and returns will catch up. VET increased its dividend 33%. Yipee. It has another 500% to go before it even gets close to CJ, and another $1.5 billion of debt to pay off too.

[7Twiggy]

Good post bbwi, IMO this is a sold play and like you I follow a lot of energy plays.  Anyone who thinks this is a terrible play has got to give their head a share.  Suspect most negative posts come from those trying to get back in at a lower level.  Still think their is a lot of money to made here.  I sold a few but only to add gear and a cancer stock that I think will be a 2

[w8asec]

I also think this was a great day for CJ shareholders....I own a wack of this, and bought more today... bought more GXE also... sold some dog SU shares... anyone disappointed in this needs to look at Su's dismal performance during this massive oil boom. GLTA - and lucky us.

[CJInvestor]

Do you have the attention span of a 5 year old? Or are you a long term investor? One bad day and this stock sucks? What about the last 180 days or the last 365 days. Please do all of us a favor and zoom out a bit to gain perspective on this or any stock. What a bunch of spoiled brats todays investors are. 155 percent return this year isn't enough for you??

[Coopsvw92]

This board has turned to garbage.

[JohnnyDoe]

Do you understand what you've invested in? Do you understand the Cdn O&G market? It doesn't seem like it. All of these companies are in balance sheet repair mode and CJ is further ahead than most. It's paying you more or less an industry leading dividend to sit tight while they complete their balance sheet repair and they've committed to further shareholder returns while they

[Deckdude]

I bought this before the dividend was even reinstated. Share price appreciation is number one for me. I don't care at all about the dividend. When I see 7 % increases in other oil companies on a day that the oil company I bought goes negative, I wish I owned them and not this. I figured this would be eleven bucks by now. That being said, I also never saw oil coming back into the eighties. 

[Moremoney4u]

PATIENCE, now would be the time to reload on this stock. They have great earnings, FCF, debt. reduction, Lots of land,  blah, blah, blah. You get it. Target is in the 13.00 range$$$$. OIL price will get back into the 100.00 range, this is what goldman and other LARGE money mgrs. are suggesting. CJ might even be a takeover candidate, OR acquire other accretive oil companies. THE overall

[steve957]

if you owend SGY, ATH, SU, WCP or bassicly any other you would be 20 to 35 % off the 52 week high,,,,CJ is sitting about 12% offf the 52 high, CJ has held up way better then 99.% oil and gas stock!!! CJ has faired so well because of the high dividend and the NCIB and almost no debt !!! when debt,