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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) > Limited damage according to Iran?
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Post by VeritasVern on Oct 28, 2024 11:02am

Limited damage according to Iran?

Are the markets using that to drive oil lower? Here's a news story giving a more accurate scenario of the success of the attacks which shows Iran's S-300 air defence systems have been taken out and are now fully exposed should Iran even remotely think about relataliating.

Israel's Strike on Iran Also Hit Russian Arms Industry's Once-Strong Image; Destruction of Iran's antimissile systems supplied by Moscow follows Ukraine's hits on more-advanced Russian defenses

Monday, October 28, 2024, 8:13 AM ET
By Daniel Michaels and Rajesh Roy
 

Israel’s airstrikes early Saturday didn’t just destroy critical Iranian military infrastructure. They also battered the reputation of Russian military equipment, which has already been pummeled by poor performance during Moscow’s invasion of Ukraine. 

Iran’s Russian-made air-defense equipment stopped few if any of the missiles that Israel launched from 100 jet fighters, according to U.S. and Israeli officials. Among Iran’s losses in the strikes were its three Russian S-300 air-defense systems. Israel earlier this year hit Iran’s only other S-300. 

The destruction comes atop similar strikes on S-300s by Ukrainian forces fighting Russia, plus even more embarrassing losses for Moscow. Kyiv has hit more-advanced S-400 systems, including strikes in May and in August that destroyed components or entire air-interceptor complexes. 

The S-400, first deployed in 2007, is Russia’s most sophisticated air-defense equipment, its answer to the U.S. Patriot system. Western security analysts have been concerned for years that it significantly weakens the long-held air superiority of countries in the North Atlantic Treaty Organization and their allies. The S-300 has been repeatedly updated since its introduction in the late 1970s. 

Both Russian systems are used by some of Moscow’s closest allies, including China and Belarus, and its biggest arms customers, including India, Vietnam and Algeria. 

These countries don’t necessarily face potential foes whose offensive capabilities are equivalent to Israel’s. The precision of Israel’s weekend attacks against the S-300 systems and critical parts of Tehran’s missile-production facilities once again demonstrated Israel’s deep intelligence penetration of Iran, which was also highlighted by the assassination of Hamas’ political chief in Tehran in August and previous hits on its nuclear program.

No missile shield is impervious. Russia has hit at least one Patriot system in Ukraine. Israel has the world’s most advanced missile-defense system, yet Iran and its allies managed to penetrate it during strikes with missiles and drones this year.

Comment by Quintessential1 on Oct 28, 2024 11:34am
Translation:  Zero BOE/D removed from global supply. GLTA
Comment by VeritasVern on Oct 28, 2024 1:25pm
That was already understood and factored into oil prices as news last week suggested that oil facilities were likely to be exempted from strikes. It's beyond absurd that the escalation of war is highly bearish corresponding to a -6% decline to oil prices! Israel isn't done with Hezbollah or Iran yet and when they do strike, given the pattern we can expect oil to decline into the high $50s  ...more  
Comment by Quintessential1 on Oct 28, 2024 3:21pm
Sure it was already factored in because they said they wouldn't strike oil targets. They also won't kill civillians and women and children or humanitarian aid groups. Maybe only you had it factored in.  Saying it was factored in doesn't mean it was. You forgot one.  Too much supply. oil falls Mmmmm more kool-aid. WTI crude futures tumbled by around 6% to below $68 per ...more  
Comment by VeritasVern on Oct 28, 2024 3:56pm
Well you have only one opinion there boy and it appears not many are behind you. And that is most likey based on your posting history where you have been shown to know next to zero about markets.  So you are saying there is and never has been market manipulation? Ok But we recall you saying in past that you thought the gold market was manipulated. Can you expand on that, such as: who is ...more  
Comment by loopsbutterfly on Oct 28, 2024 4:14pm
well said brother I can buy more shares around $6,30 depending of market condition or sell more covered calls strike price $7,00 gracias   grinnnn....
Comment by dorite on Oct 28, 2024 5:27pm
How does CJ keep paying 6c at these or lower oil prices. I think they are paying out about 90% plus
Comment by Quintessential1 on Oct 28, 2024 6:19pm
In Q2 they paid down some debt so its possible they are breaking even this quarter even at lower oil prices especially since production tends to increase later in the year as sustaining cap-ex is also lower having the bulk of it spent earlier in the season.  Regardless they have intentionally added to their credit facility in order to fund the dividend, cap-ex and SAGD until Reford ...more  
Comment by VeritasVern on Oct 29, 2024 1:10am
So you think they wil use the credit facility to fund the dividend? What makes you so certain they will do that! What if they don't? Then they have no choice but to reduce the dividend and the share price will crater. Will we see $2-3 share price under that scenario.   Funny there doesn't seem to be a single event or situation to sustain higher oil prices despite record consumption ...more  
Comment by Quintessential1 on Oct 29, 2024 2:16am
Mmmm no I posted that because I don't think they will use the credit facility to fund the dividend.  WTF? Why do I think they will?  Mmmm because they are and have been and extended the credit facility instead of cutting the dividend.  You know actual actions and not hyperbole. BTW if you don't think they will continue to do so then you sell and short.  Did you sell ...more  
Comment by VeritasVern on Oct 29, 2024 9:58am
Wow you must be impressed with yourself there Qunit. Are you using a line of credit to pay your mortgage? So if they resort to using the credit facility to sustain the dividend, do you think shareholders will figure it out, analyst will place a "sell" recommendation and the stock will sell off?  LOL GLTA
Comment by Quintessential1 on Oct 29, 2024 10:26am
Investors did figure it out and the stock is selling off or are you too far into your hole to notice? Maybe you think $6.60 per share is more than $7.60 per share(52 week high) You certainly appear to be the "sole" chum beating this drum.  I suppose dems control the Wall Street Journal and Reuters I didn't read it there...or anywhere else... just here.  I wonder why CJ ...more  
Comment by VeritasVern on Oct 29, 2024 11:02am
CJ is selling off as are all other O&G stocks because of low oil prices and, escalating war in the Middle East, which apparently is a new twist on bearish indicators. You know the copy/paste reasons... that you post, not because they are or will be using the credit facility to fund the dividend... Are you clueless?
Comment by Quintessential1 on Oct 29, 2024 11:15am
I must be because I thought all other O&G stocks were selling off because of low oil prices meaning they are not making enough revenue to cover operating expenses, cap-ex and shareholder returns like....wait for it....dividends.   But you're right I must be clueless.  Why do you think commodity stocks sell off when their commodity prices drop? GLTA
Comment by VeritasVern on Oct 29, 2024 11:52am
Quixotic, the point is, which you have trouble grasping, is that using credit to sustain the dividend is not the reason for the price decline currently as the decline is - driven by falling oil prices. But the point is: if we have to resort to using credit..to sustain the dividend then down she goes from $6.40 to...$3, $4, $5? If they do lower the dividend the same thing happens. Let that sink in ...more  
Comment by Quintessential1 on Oct 29, 2024 1:13pm
Again why do falling commodity prices lower commodity stock's share prices? Because they inhibit the underlying stock from covering costs and share holder returns. Unless they have lots of credit that they specifically expanded to cover those costs and returns.  Then the share price just fluctuates with the commodity price until the stock generates more revenue like from increased low ...more  
Comment by VeritasVern on Oct 29, 2024 1:38pm
Quixotic, lets say that at current prices of $70 their is enough cash flow to pay for expenses and pay the dividend.  All mostly ok, the stock flucuates up/down based on oil prices. Now lets say that oil declines and stays in the low $60s on some bearish development like, umm, oh, an endless Middle Eastern war. But at that price point CJ can't continue to pay the dividend but now have to ...more  
Comment by Quintessential1 on Oct 29, 2024 3:05pm
Well your scenerio incorrectly assumes that they are not using debt to pay the dividend already. If the dividend was not paid debt would be reduced and and debt servicing costs would also go down. The only time they really use profit to pay the dividend is when they have no debt which hasn't happened in the history of this dividend by CJ. The dividend is paid in lieu of paying down debt ...more  
Comment by loopsbutterfly on Nov 01, 2024 2:10pm
last trade at $6,33 as expected.... $6,30 is coming fast... gracias    grinnnn...
Comment by Quintessential1 on Oct 28, 2024 6:02pm
LOL.  Who is we?  You and the voices in your head? I don't know who you think you're representing but it's just you and your conspiracy theory... boy!  LOL So who did you say was manipulating the market? How? You know so much you tell me.  Oh that's right you said you couldn't and you didn't have proof. At least my kool-aid guys offer up an ...more  
Comment by VeritasVern on Oct 29, 2024 1:01am
I'm certainly not the Only one thinking that, based on other stcok bullboards. Right so Israelis striking Iran with 100 fighter jest is somehow bearish that warrants a -6% decline. I'm not sure it gets more absurd.  It's manipulation of oil prices for votes because the democrats are just that pernicious and they desperately must win the election - at all costs and mannor. How ...more  
Comment by Quintessential1 on Oct 29, 2024 2:04am
Ah so it is the democrats (US I assume) that are manipulating the global oil prices all over the world and republicans are powerless to stop it because they lack the financial wherewithal to do so including a multi-trillian dollar oil industry all at the mercy of the old man on the beach? Add to that they also control all media everywhere and are powerless to convey manipulation through any ...more  
Comment by VeritasVern on Oct 29, 2024 9:53am
 I am certainly not the "sole" or only one that thinks the there is some manipulation of oil prices for votes.... Inflaton blindesided the Dems, and they then assumed inflation "was transitory", very short term. Once the Dems clued in, it was clear they would need to bring inflation down, especially in the past year if they had a chance at re-election. The best ...more  
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