Cardinal Energy Ltd (CJ-T) Stock Predictions - Stockchase
WATCH LIST
84
Cardinal Energy Ltd (CJ-T)

ON STOCKCHASE SINCE Jan 2014

oil/gas

Cardinal Energy Ltd Cardinal Energy Ltd
CJ-T

62 84
oil/gas

Cardinal Energy Ltd (CJ-T) SAVE

5.05

0.09 (1.75%)

Sep, 21, 2018, 12:00 am

OPINIONS

What the experts are saying about CJ-T



  • All
  • Filtered
Signal Opinion Expert
HOLD
Cardinal Energy Ltd(CJ-T) 

September 14, 2018

The dividend is safe in his mind.  The dividend costs the company about $50 million per year and the company has $160 million in cash.  Not an exciting company, but a safe income, he thinks.  Yield 8%.

oil/gas

The dividend is safe in his mind.  The dividend costs the company about $50 million per year and the company has $160 million in cash.  Not an exciting company, but a safe income, he thinks.  Yield 8%.

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.000
Owned Owned
No

COMMENT
Cardinal Energy Ltd(CJ-T) 

August 22, 2018

Bought an American company a year ago and levered up to do so.  They did a big stock issue, and the market hated it.  So have been in the dog house for a year.  Dividend is secure and they are pretty well hedged, so should see good cash flow this year.    Not a lot of money flowing into the smaller to mid size energy companies. Yield is 8%.

oil/gas

Bought an American company a year ago and levered up to do so.  They did a big stock issue, and the market hated it.  So have been in the dog house for a year.  Dividend is secure and they are pretty well hedged, so should see good cash flow this year.    Not a lot of money flowing into the smaller to mid size energy companies. Yield is 8%.

oil/gas
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$5.300
Owned Owned
Yes

HOLD
Cardinal Energy Ltd(CJ-T) 

August 17, 2018

He recently concluded the valuation does not match the market opinion.  If you like the dividend of 8.5%, he thinks it is sustainable.  It is too small cap to get traders excited about this one, so he expects the stock to continue to drift.  They are 50/50 light /medium heavy oil.  Yield 8.5%.  

oil/gas

He recently concluded the valuation does not match the market opinion.  If you like the dividend of 8.5%, he thinks it is sustainable.  It is too small cap to get traders excited about this one, so he expects the stock to continue to drift.  They are 50/50 light /medium heavy oil.  Yield 8.5%.  

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.000
Owned Owned
No

PAST TOP PICK
Cardinal Energy Ltd(CJ-T) 

August 15, 2018

(A Top Pick August 17/17 Up 32%)   They thought the dividend was secure when it yielded 10%.  He sold out of their position after the rally into May and diversified the money into international energy holdings to avoid Canada’s infrastructure issues.

oil/gas

(A Top Pick August 17/17 Up 32%)   They thought the dividend was secure when it yielded 10%.  He sold out of their position after the rally into May and diversified the money into international energy holdings to avoid Canada’s infrastructure issues.

oil/gas
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$4.980
Owned Owned
Yes

WAIT

Payout ratio is about 20%.  No concern about dividend.  Not going to hit enough institutional screens to get a meaningful uplift.  Would be challenged to have this stock double. There are other stocks with more upside.

oil/gas

Payout ratio is about 20%.  No concern about dividend.  Not going to hit enough institutional screens to get a meaningful uplift.  Would be challenged to have this stock double. There are other stocks with more upside.

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.450
Owned Owned
No

TOP PICK

He's been underweight energy for a long time. CJ just bought Devon Energy in the U.S., loading the balance sheet do do it. He's been averaging down on this stock and would still buy it. Buy this if you think oil will hold at current prices or rise. Pays a 7.6% dividend, which is safe. He sees lots of upside. (Analysts' price target: $6.73)

oil/gas

He's been underweight energy for a long time. CJ just bought Devon Energy in the U.S., loading the balance sheet do do it. He's been averaging down on this stock and would still buy it. Buy this if you think oil will hold at current prices or rise. Pays a 7.6% dividend, which is safe. He sees lots of upside. (Analysts' price target: $6.73)

oil/gas
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$5.520
Owned Owned
Yes

BUY

Cash harvesting, strong yield, plus decent growth, not too expensive. Cardinal’s good way to play straight-up growth or harvest some yield. Lots of cash flow with the dividend, which doesn’t look like it’s going anywhere except up.

oil/gas

Cash harvesting, strong yield, plus decent growth, not too expensive. Cardinal’s good way to play straight-up growth or harvest some yield. Lots of cash flow with the dividend, which doesn’t look like it’s going anywhere except up.

oil/gas
Scott Willis

Head of Re, Grizzle...

Price Price
$5.530
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Aug 10/17, Up 47%)  It had peak pessimism last August.  His view was that crude oil was going to move higher, which it did.  It is still generally good value here.  It could give you 15-20% more.

oil/gas

(A Top Pick Aug 10/17, Up 47%)  It had peak pessimism last August.  His view was that crude oil was going to move higher, which it did.  It is still generally good value here.  It could give you 15-20% more.

oil/gas
Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$5.320
Owned Owned
Yes

HOLD

He has said to buy it for the yield as he does not expect a high capital appreciation.  Its yield has retreated to about 8%.  It is trading 3.6 times EBITDA at $70 oil and could return to $10 per share.  They have only moderate leverage towards higher discounted oil prices, unfortunately they have too little liquidity to attract large investors.  Yield 8%. 

oil/gas

He has said to buy it for the yield as he does not expect a high capital appreciation.  Its yield has retreated to about 8%.  It is trading 3.6 times EBITDA at $70 oil and could return to $10 per share.  They have only moderate leverage towards higher discounted oil prices, unfortunately they have too little liquidity to attract large investors.  Yield 8%. 

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.350
Owned Owned
Unknown

PARTIAL BUY
Cardinal Energy Ltd(CJ-T) 

April 17, 2018

The caller asked how the company can pay out more dividend than it earns. Mr. Nuttall explained that there can be a mismatch between earnings and cash flow based on when the company books its costs of land and exploration. From a cash flow perspective, using strip pricing, he sees their dividend at about 33% of cash flow. The 9% dividend of Cardinal is completely sustainable, from the perspective of cash flow. If you look at cash flow minus maintenance capex, you see free cash flow of 18%. It is rare to find a business with an 18% free cash flow yield. From the perspective of a dividend-oriented investor, this is a good stock with good exposure the oil market. However, from the perspective of capital appreciation, other companies will grow faster. He acknowledges that companies like Cardinal are perceived to have abandonment liabilities, but he isn’t as concerned about them as he thinks the rest of the market is. He expects a total return in the mid-teens.

oil/gas

The caller asked how the company can pay out more dividend than it earns. Mr. Nuttall explained that there can be a mismatch between earnings and cash flow based on when the company books its costs of land and exploration. From a cash flow perspective, using strip pricing, he sees their dividend at about 33% of cash flow. The 9% dividend of Cardinal is completely sustainable, from the perspective of cash flow. If you look at cash flow minus maintenance capex, you see free cash flow of 18%. It is rare to find a business with an 18% free cash flow yield. From the perspective of a dividend-oriented investor, this is a good stock with good exposure the oil market. However, from the perspective of capital appreciation, other companies will grow faster. He acknowledges that companies like Cardinal are perceived to have abandonment liabilities, but he isn’t as concerned about them as he thinks the rest of the market is. He expects a total return in the mid-teens.

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.740
Owned Owned
Unknown

COMMENT
Cardinal Energy Ltd(CJ-T) 

March 15, 2018

Pays a 10% yield, so, is there a flaw here? No. They generate enough cash to cover it, and they can still grow production 7-8% annually and can pay down debt which is manageable. He personally encourages them to do a 10% share buyback.

oil/gas

Pays a 10% yield, so, is there a flaw here? No. They generate enough cash to cover it, and they can still grow production 7-8% annually and can pay down debt which is manageable. He personally encourages them to do a 10% share buyback.

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.360
Owned Owned
Unknown

HOLD
Cardinal Energy Ltd(CJ-T) 

March 12, 2018

All these companies have been creamed.  They don’t have too much heavy oil.  They are all getting painted with the same brush.  The company could cut the dividend to fund a buy back or do an acquisition, but the fundamentals continue to look good.

oil/gas

All these companies have been creamed.  They don’t have too much heavy oil.  They are all getting painted with the same brush.  The company could cut the dividend to fund a buy back or do an acquisition, but the fundamentals continue to look good.

oil/gas
Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$4.190
Owned Owned
Unknown

TOP PICK

Canadian oil producer.  10% yield that is sustainable.  It trades at a material discount to its average.  Cash flow per share has not gone down but the share price has.  You can’t stay this negative for long.  (Analysts’ target: $6.35).

oil/gas

Canadian oil producer.  10% yield that is sustainable.  It trades at a material discount to its average.  Cash flow per share has not gone down but the share price has.  You can’t stay this negative for long.  (Analysts’ target: $6.35).

oil/gas
Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$4.190
Owned Owned
Yes

COMMENT
Cardinal Energy Ltd(CJ-T) 

February 9, 2018

Cardinal Energy (CJ-T) vs Torc Oil & Gas (TOG-T). Very different companies. Cardinal is a medium gravity producer. They are 60% exposed. They are going to lower their debt. They can pay the 10% yield and that is sustainable. He would buy Cardinal Energy (CJ-T) vs Torc Oil & Gas (TOG-T). (Analysts’ price target is $6.44) 

oil/gas

Cardinal Energy (CJ-T) vs Torc Oil & Gas (TOG-T). Very different companies. Cardinal is a medium gravity producer. They are 60% exposed. They are going to lower their debt. They can pay the 10% yield and that is sustainable. He would buy Cardinal Energy (CJ-T) vs Torc Oil & Gas (TOG-T). (Analysts’ price target is $6.44) 

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.160
Owned Owned
Unknown

WAIT
Cardinal Energy Ltd(CJ-T) 

February 5, 2018

They are on her watch list.  They have a very low decline rate compared to peers, but they are not as light oil-focused as she likes.  They want to move this way as well as to reduce debt.  She is waiting to see what happens after a CFO change.

oil/gas

They are on her watch list.  They have a very low decline rate compared to peers, but they are not as light oil-focused as she likes.  They want to move this way as well as to reduce debt.  She is waiting to see what happens after a CFO change.

oil/gas
Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$4.350
Owned Owned
No

Showing 1 to 15 of 84 entries

No Comments.


You must be logged in to comment.

Successfully Saved Company
Successfully Saved Company