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Compiling comments that experts make about stocks while on public TV.

2017-08-10

Opinion for Cardinal Energy Ltd (CJ-T)

Signal Price Bias Subject Owned
TOP PICK $3.910 CAUTIOUS NORTH AMERICAN Yes

They did an acquisition, which was the right thing for them to do.  They needed to get more light oil.  They got bigger, lighter and got more drilling locations.  Energy is out of favour.  The underwriters judged the market incorrectly.  Given how much the stock has pulled back, he sees tremendous value here.  It has a 10% dividend.  If oil gets above $50 you have a lot of torque and there has been a lot of insider buying in the last few days.  (Analysts’ target: $7.00).

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation

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