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 should be 7.50 at 81 oil

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Post by CJInvestor on Jun 25, 2024 10:50am

Cj should be 7.50 at 81 oil

So head scratching of it to be reluctant to breech 6.80 at these prices. Such cautious investors for a stock that has a lot going for it. What are long time/term investors thoughts about this?

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Comment by JohnBP1 on Jun 25, 2024 3:19pm

I think there is risk on about reduced demand in the following months. The other risk is the divi at over 10%. Many think it is secure but it is out of line with peer companies.

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Comment by lnggasfor202324 on Jun 25, 2024 3:39pm

Most of their peer companies debt to cashflow is also a lot higher. tell the whople story.

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Comment by JayBanks on Jun 25, 2024 4:21pm

If the company was trading at 7.50 the dividend would be sub 10% (9.6) the company can't control the price action that the market trades for and can't control the yeild so that can't really be a black mark on the company. They can control how much they payout on the dividend and right now the 18 cents per quarter without CAPEX is well covered and is around the 50% of the ...more

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