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

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Cj downgraded to 4.50

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Post by Singoa58 on Feb 05, 2024 10:07am

Cj downgraded to 4.50

Strong sell land Divy will be eliminated imo

150

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Comment by loopsbutterfly on Feb 05, 2024 10:38am

Show me the prove of that statement otherwise it is illegal

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Comment by Dollars4Pennies on Feb 05, 2024 10:46am

I am hearing the same thing as well. A downgrade and kiss the dividend goodbye. It makes sense in this environment for oil and gas companies.

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Comment by traderbri on Feb 05, 2024 11:50am

Price target decreased by 9.5% to CA$7.92 Down from CA$8.75, the current price target is an average from 6 analysts. New target price is 28% above last closing price of CA$6.18. Stock is down 15% over the past year. The company is forecast to post earnings per share of CA$0.69 for next year compared to CA$1.97 last year.

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