Cardinal Energy Ltd
CJ-T
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PAST TOP PICK
PAST TOP PICK
July 17, 2019
(A Top Pick Sep 28/18, Down 55%) Typical for the sector as a whole. He continues to hold onto it.
(A Top Pick Sep 28/18, Down 55%) Typical for the sector as a whole. He continues to hold onto it.
oil/gas
DON'T BUY
DON'T BUY
May 27, 2019
Challenging. A price-taker. Along with the others, has had a negative return. Instead, something like a CN makes more sense, as it's a proxy play on oil.
Challenging. A price-taker. Along with the others, has had a negative return. Instead, something like a CN makes more sense, as it's a proxy play on oil.
oil/gas
Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
$2.750
Unknown
WAIT
WAIT
May 10, 2019
A more levered up energy company. It has become historically cheap. Trades at 0.4 times book. He needs to see price momentum turn before getting in.
A more levered up energy company. It has become historically cheap. Trades at 0.4 times book. He needs to see price momentum turn before getting in.
oil/gas
HOLD
HOLD
April 26, 2019
A small-cap heavy oil producer that has done well. For a large institutional buyer, there is just not enough liquidity. They did increase the dividend and they are buying back stock. Yield 5.8%
A small-cap heavy oil producer that has done well. For a large institutional buyer, there is just not enough liquidity. They did increase the dividend and they are buying back stock. Yield 5.8%
oil/gas
HOLD
HOLD
April 5, 2019
The basing in the stock price is similar with the energy sector as a whole. He sees a potential back to $4-$5. He does not see much correlation with the underlying commodity price.
The basing in the stock price is similar with the energy sector as a whole. He sees a potential back to $4-$5. He does not see much correlation with the underlying commodity price.
oil/gas
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$2.940
No
DON'T BUY
DON'T BUY
March 8, 2019
Is a light and medium oil producer. This was a $15 stock 5 years ago. It is very cheap. Their dividend is very sustainable at $57-60 oil values. It is undervalued but there may be other opportunities elsewhere. It is an example of how the small cap companies are challenged in Canada. You probably want to invest where the money is going to go first which is not this name.
Is a light and medium oil producer. This was a $15 stock 5 years ago. It is very cheap. Their dividend is very sustainable at $57-60 oil values. It is undervalued but there may be other opportunities elsewhere. It is an example of how the small cap companies are challenged in Canada. You probably want to invest where the money is going to go first which is not this name.
oil/gas
DON'T BUY
DON'T BUY
February 28, 2019
They had to cut their dividend. Book value is $6.17. It does not have enough money to reinvest. The balance sheet has a lot of debt. They are going into survival mode. When the recovery happens in perhaps Q4 this year, then this kind of company will survive and perhaps raise the dividend soon after.
They had to cut their dividend. Book value is $6.17. It does not have enough money to reinvest. The balance sheet has a lot of debt. They are going into survival mode. When the recovery happens in perhaps Q4 this year, then this kind of company will survive and perhaps raise the dividend soon after.
oil/gas
BUY
BUY
January 31, 2019
He sees a bit of a bump in the shares this year. He thinks it will get to $3.50 this year. It is heavy and medium oil. It has a lot more headwinds than a light oil producer. They had to trim their dividend.
He sees a bit of a bump in the shares this year. He thinks it will get to $3.50 this year. It is heavy and medium oil. It has a lot more headwinds than a light oil producer. They had to trim their dividend.
oil/gas
PAST TOP PICK
PAST TOP PICK
January 9, 2019
(A Top Pick Mar 08/18, Down 40%) Up to Q4 it was looking pretty good, but with differentials widening it got hammered. The stock price has not responded well since the differentials have tightened. He likes their low decline rate. They shut-in about 15% of their production. They did the prudent thing by cutting the dividend. He continues to hold it. Yield 5%.
(A Top Pick Mar 08/18, Down 40%) Up to Q4 it was looking pretty good, but with differentials widening it got hammered. The stock price has not responded well since the differentials have tightened. He likes their low decline rate. They shut-in about 15% of their production. They did the prudent thing by cutting the dividend. He continues to hold it. Yield 5%.
oil/gas
WATCH
WATCH
December 17, 2018
They decided to cut the dividend until they see much better netbacks. The stock has been murdered. It’s on his watch list. It will require a lot of patience. They are in a bomb shelter right now.
They decided to cut the dividend until they see much better netbacks. The stock has been murdered. It’s on his watch list. It will require a lot of patience. They are in a bomb shelter right now.
oil/gas
SELL
SELL
December 14, 2018
They right-sized the dividend, maybe a little too early as the heavy differentials have tightened recently. It is trading at a slight discount to a Torc (TOG-T). He would sell it to take a tax loss and take on TOG-T to get a good yield and higher quality management team.
They right-sized the dividend, maybe a little too early as the heavy differentials have tightened recently. It is trading at a slight discount to a Torc (TOG-T). He would sell it to take a tax loss and take on TOG-T to get a good yield and higher quality management team.
oil/gas
COMMENT
COMMENT
November 16, 2018
Their dividend payout is not sustainable at current levels. But correction in differential and $60 crude will keep the payout sustainable which he thinks will happen.
Their dividend payout is not sustainable at current levels. But correction in differential and $60 crude will keep the payout sustainable which he thinks will happen.
oil/gas
HOLD
HOLD
November 14, 2018
2 years out from now the stock should be significantly higher. They may struggle in the next quarter. They have low decline rates. Their main goal is to keep their dividend safe. If the oil differential continues longer term, then they may have to cut dividend, but it is safe in the near term. Yield = 14%
2 years out from now the stock should be significantly higher. They may struggle in the next quarter. They have low decline rates. Their main goal is to keep their dividend safe. If the oil differential continues longer term, then they may have to cut dividend, but it is safe in the near term. Yield = 14%
oil/gas
DON'T BUY
DON'T BUY
October 29, 2018
He sold it along with all his oil Canadian stocks last year. Dividend is safe. Good operators. They're dependent on Alberta oil and WCS, which will suffer a low price for a while.
He sold it along with all his oil Canadian stocks last year. Dividend is safe. Good operators. They're dependent on Alberta oil and WCS, which will suffer a low price for a while.
oil/gas
HOLD
HOLD
October 19, 2018
This company has struggled to gain investor interest and he believes it will continue to do so despite the high yield. It is about 50% light oil so its exposure to wide differentials is limited. He thinks the dividend is sustainable. Yield 9.2%.
This company has struggled to gain investor interest and he believes it will continue to do so despite the high yield. It is about 50% light oil so its exposure to wide differentials is limited. He thinks the dividend is sustainable. Yield 9.2%.
oil/gas
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