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Investor Insights

This summary was created by AI, based on 9 opinions in the last 12 months.

Experts have varied opinions on Cardinal Energy Ltd, with some highlighting the reliance on the balance sheet for dividend payments, while others praise the fat dividend payout and the company's management. Concerns about the company burning cash to pay the dividend and the need for higher oil prices are also mentioned. Overall, the stock is seen as cyclical, with potential for share price appreciation and dividend sustainability.

Consensus
Mixed
Valuation
Fair Value
COMMENT
Cardinal Energy Ltd

Are leaning on their balance sheet to pay their dividend, which they can do. Their Canadian oil sand project should give them more free cash flow and they will fill in that dividend. Good if you buy dividend stocks, but he wants share price appreciation too.

oil / gas
WEAK BUY
Cardinal Energy Ltd

Pays a fat dividend, doesn't chase exploration and is rewarding shareholders. Trades to $8 when oil prices rise. They produce light, sweet crude, so it won't benefit as much as the heavier oil that's exported to Asian markets. He's bullish Canadian oil. CJ is well-managed, though.

oil / gas
DON'T BUY
Cardinal Energy Ltd
For a retired person?

For the mid-cap Canadian companies in the space with higher yields, be very careful. If you're looking for dividend sustainability, we've gone through a couple of cycles in the last decade -- dividends have been both increased and reduced. Yield is 11%.

In the space, he prefers FRU.

oil / gas
HOLD
Cardinal Energy Ltd

Spending more money on a project, free cashflow won't be for 2 years, and market's attention span is very short. Concern they'll be burning cash to pay the dividend. Balance sheet indicates sustainable dividend, unless oil price really nosedives. Insider buying. Too small for him. Yield is 10.5%.

oil / gas
HOLD
Cardinal Energy Ltd

He never buys a company on the expectation that it will be bought out. Good exposure to medium-heavy oil. Very manageable debt levels. Older, higher-cost assets, so it needs a higher than average oil price. If you don't care about capital appreciation and just want the juicy dividend, it's not the worst name.

oil / gas
HOLD
Cardinal Energy Ltd

Many energy stocks are going sideways. This is in a trading range, which is not bad and you can hold onto it. Maybe you can be this for a trade or wait for a breakout for the long term.

oil / gas
HOLD
Cardinal Energy Ltd

He owns it in his RRSP because of the dividend. Company's done a decent job. Need oil prices to go up to bring excitement to the stock price. It was noted that the company has a negative carbon footprint. Yield is around 10%.

oil / gas
HOLD
Cardinal Energy Ltd
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

CJ is always going to be cyclical, but it has a very strong balance sheet and good cash flow. Dividend payout ratio is less than 30%, but cash flow can change quickly if commodity prices drop. But we see no real problem with the dividend, but it is of course not guaranteed, and with 10%+ yield investors do seem concerned. While we are not overly worried, we would not use the word 'safe' for the dividend of any oil and gas stock. Cash flow and earnings will drop this year on lower pricing. The stock is cheap, but with little growth expected we would rate it a HOLD and not a BUY.
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oil / gas
BUY
Cardinal Energy Ltd
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EPS of 10c missed estimates of 15.3c. Revenue of $135M missed estimates of $136.6M. Production was 21.7K b/d day and free cash flow was $28.8M. Its 2023 drill program will renew in the 2Q. Production rose 5%. The balance sheet is now nearly debt free. Earnings are expected to fall this year. The stock is very cheap, but RBC seems to be taking a conservative stance in case prices fall in a recession. We think the 7X valuation already reflects most risk. Payout ratio is <25%, though at an 11% yield investors seem unduly concerned on the dividend. 
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oil / gas
BUY ON WEAKNESS
Cardinal Energy Ltd

Exposure to medium and heavy grade oil.
Small cap that not many large investors care about.
Dividend is 10% and is very strong (sustainable above $70).
Older assets with abandonment liabilities.
Good name for next 1-2 years if you want yield.




oil / gas
BUY
Cardinal Energy Ltd
Very good name with strong yield. Good name for retail investors. Inventory light with higher operating costs. If believe in $80 + oil price, you will benefit with large torque in prices. Medium to heavy grade oil.
oil / gas
SELL ON STRENGTH
Cardinal Energy Ltd
Top in the stock is $11.76. When it gets there, sell. Again, you missed 98% of the gains if you're only looking at it now.
oil / gas
Unspecified
Cardinal Energy Ltd
It is more on the oil side. They said they would reduce debt and they did. Also just distributed a large percentage of free cash flow. It is a good dividend name to own. A $1.3 billion market cap makes it a little small so he prefers others.
oil / gas
BUY
Cardinal Energy Ltd
Very well managed company that is returning capital to shareholders. Felt better opportunities exist when sold shares. Will be debt free now or by the end of the year. Expecting a 5x multiple on the share price.
oil / gas
PAST TOP PICK
Cardinal Energy Ltd
(A Top Pick Jul 20/21, Up 174%) Has since sold shares. Company is doing exactly what is hoping for in other energy companies. Currently trading at premium to other energy companies in the market. Think there are better opportunities out there. Expecting a 5x multiple, or a $14 share price.
oil / gas
Showing 1 to 15 of 132 entries

Cardinal Energy Ltd(CJ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 6

Stockchase rating for Cardinal Energy Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cardinal Energy Ltd(CJ-T) Frequently Asked Questions

What is Cardinal Energy Ltd stock symbol?

Cardinal Energy Ltd is a Canadian stock, trading under the symbol CJ-T on the Toronto Stock Exchange (CJ-CT). It is usually referred to as TSX:CJ or CJ-T

Is Cardinal Energy Ltd a buy or a sell?

In the last year, 6 stock analysts published opinions about CJ-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cardinal Energy Ltd.

Is Cardinal Energy Ltd a good investment or a top pick?

Cardinal Energy Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Cardinal Energy Ltd.

Why is Cardinal Energy Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cardinal Energy Ltd worth watching?

6 stock analysts on Stockchase covered Cardinal Energy Ltd In the last year. It is a trending stock that is worth watching.

What is Cardinal Energy Ltd stock price?

On 2024-07-23, Cardinal Energy Ltd (CJ-T) stock closed at a price of $6.98.