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Cardinal Energy Ltd. (CJ.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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6.95-0.52 (-6.96%)
At close: 04:00PM EDT

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  • J
    JOHN
    10.3% dividend
  • T
    Thomas
    In 2014 cardinal energy had 1.3 million shares outstanding a debt of 54 million , oil was at $95 barrel they payed 50% of their free cash flow to dividends , they payed .07 cents per share monthly . and only produced 10,500 barrels a day.
    They now produce 25,000 barrels a day , have no debt . I wonder how high the dividend will go ?
  • W
    WebMonkey
    well this hurt a bit
  • M
    MIKEKAREN
    I forget what the colour green looks like !
  • j
    jason
    According to Eric we are going to see 96 percent upside this year. I’ll take the double and sprinkle of 10 percent dividend with pleasure all the way to t retirement.
  • P
    Peter
    For those who can stomach the volatility (take a Dramamine :)), this is a fantastic investment. I am hooked on its dividend. The company is doing very well and this will be confirmed in a month and a half in the earnings report.
  • V
    Viken
    8 days to a 9.6% div. added 10k shares
  • I
    Ivan
    Divident increased just announced !!!!!!
    Buyaaaaaaaaaa
    From $ 0.05 to $ 0.06
  • M
    MIKEKAREN
    I think the market is missing the boat on Cardinal. I sold some of my Tamarack holdings this morning on a bounce and picked up more Cardinal. Tamarack clearly does not get "putting the shareholder first" and they kicked the FCF can down the road about a year......
  • A
    Alex
    how often are these guys paying dividend? is it $0.6 per share monthly or annually?
  • D
    Derek
    Added a bit more today. Debt free soon, NCIB ongoing and further increases to div down the road as well.
  • R
    Ryan
    7 cent a month
    starting Jan if we stay above $85
    Cheers all
  • M
    MIKEKAREN
    Here is the actual press release on the divy increase - its so good the debt will be under $50 million early in the 4th quarter and likely gone by the end of the 4th quarter

    https://cardinalenergy.ca/wp-content/uploads/2022/09/September-07-22-Dividend-FINAL2.pdf
  • j
    jason
    Considering Dow is having worst day in two years and oil is down, management timed this announcement exactly right! Cj is doing among the best in the entire North American oil and gas market right now.
  • D
    D
    I can’t really explain how we could possibly be down today however I believe patience will be rewarded and in the meantime we have an unbelievable dividend to enjoy
  • T
    Terry
    Yesterday I said this stock was a no brainer! Things have only changed in that they are now returning cash flow to stockholders. Wouldn’t be surprised if the announce more stock buy back when the 3rd quarter earnings are announced. With no hedging all revenue should be reflected in bottom line profit. Stock would be a lot higher except for the inflation numbers announced this morning by our current government. Things have to change , stay with oil and natural gas stocks!
  • T
    Terry
    Just noted there are currently 3.2 million shares short! These shorts will be covered especially after the company announced their 3rd quarter numbers. I cannot imagine being short this stock that is firing on all cylinders! Higher prices are coming.
  • j
    jason
    Accumulate now… thank me later.
  • M
    MIKEKAREN
    what do people think CJ will go up today after divy increase? Does the market care? I am hoping for 10% uptick today which would put the yield around 8.5%. So shares should go up to around $8.45. Wishful thinking?
  • I
    Ivan
    Proud to be the owner !!!