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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

Cardinal Energy Ltd (Alberta) > CJ Expectations
View:
Post by Coolson on Sep 14, 2022 10:42am

CJ Expectations

Everybody is in love with 6c dividend. But you have missed the big picture. They moved 50m debt reach to the next quater, and there is high probablility that they will not pay of the loan as they said by the end of the year. It is fishy to me. They question is are they playing to satisfy the major shareholder?.  I do not like companies which do not follow the guidance thay set up...Also I do not see any share buybacks since a while...
Comment by sclarda on Sep 14, 2022 11:19am
Coolson wrote Everybody is in love with 6c dividend. But you have missed the big picture. They moved 50m debt reach to the next quater, and there is high probablility that they will not pay of the loan as they said by the end of the year. It is fishy to me. They question is are they playing to satisfy the major shareholder?.  I do not like companies which do not follow the guidance thay set ...more  
Comment by Sirlostalot on Sep 14, 2022 12:17pm
I think there are degrees of transparency and accuracy in guidance among these Cnd oil companies , I just sold my last position in TVE this am and purchased more CJ . CJ is a paragon of  of transparency and follow through compared to TVE which went from a promise of debt pay down and imminent shareholder returns to 1 billion plus in debt and possible shareholder returns q4 2023 , they did ...more  
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