Cardinal Energy Ltd (Alberta) T.CJ

New Press Release - Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results

Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the third quarter ended September 30, 2024.FINANCIAL AND OPERATING HIGHLIGHTS FROM THE THIRD QUARTER OF 2024Third...read article.

[goliath10]

Cardinal Energy’s Q3 2024 results can generally be considered positive, especially from a strategic and long-term perspective, despite some short-term declines. Here’s why:   Positive Aspects:   1. Strategic Investments: The company continued to allocate significant capital towards its Reford SAGD project, which is progressing on time and within budget. This project is expected

[Quintessential1]

Wow, nice analysis. Would just like to add that they added $19.957 million to net debt and even though I don't expect them to add to it again as the temporary factors that caused them to add it are removed,  even if they did over the next 5 quarters until Reford is in full production it would only amount to another $100 million.  Well within the confines of their credit

[cooper90]

Nice analysis!  Based on cash flow generation, their unique high quality low decline assets and the upcoming Sag production benefits this stock is undervalued. The current dividend should represent 8-8.5% which means this stock should be trading at $8.20 - $8.60  It's very puzzling with almost $100 CDN a barrel at current prices under these exchange rates   

[VeritasVern]

Looks like the fins are deemed not good enough, compared to others that came in v. good liket TVE. CJ's poised to open lower.