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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) > GREAT Q3 COKING TO A CLOSE
View:
Post by Tradestay on Sep 28, 2023 3:14pm

GREAT Q3 COKING TO A CLOSE

With low Debt,ARO and stable production this stock has been a good investment pick for me. Bought at 6.50  and 7.20 but have been collecting divy for a while which is well protected at these oil prices. I think soon us investors will see those big capital gains. 

One thing for sure is true, stock might be down but divy is still being paid because bottom line cash flow is there, just a matter of time for share appreciation.
Comment by Luxor69 on Sep 28, 2023 9:01pm
Many of us have been taken to the woodshed and back. I can attest to riding the stock from $2.80 to the bottom around .25 cents. If the market will not give CJ the valuation it deserves at $95+ per barrel then CJ directors should authorize NCIB to full capacity. Balance sheet should or very well could be pristine. Dividend is high enough. I would be buying, already beyond overweight. Cheers
Comment by OLIVIER1951 on Sep 29, 2023 6:26am
TARGET  DE  CJ  A  12 $ ESCE TROP  LEV
Comment by OLIVIER1951 on Sep 29, 2023 6:27am
12$  ESCE TROP ELEV
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