TSE:CJ
0.54
0.01
(1.82%)
Cardinal Energy Ltd
CJ-T
Analysis and Opinions about CJ-T
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 19, 2020
Light production? It struggles for relevance in the market as a medium to medium-light oil producer. They cut the dividend to zero to de-lever. They purchased old oil fields, but with the higher operating costs and higher risk for environmental liability he would not own this.
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Light production? It struggles for relevance in the market as a medium to medium-light oil producer. They cut the dividend to zero to de-lever. They purchased old oil fields, but with the higher operating costs and higher risk for environmental liability he would not own this.
DON'T BUY
DON'T BUY
December 19, 2019
There are a couple of knocks in terms of leverage. They have more older well bores. Management don't own enough stock.
Show full opinionHide full opinionThere are a couple of knocks in terms of leverage. They have more older well bores. Management don't own enough stock.
DON'T BUY
DON'T BUY
November 15, 2019
Privatization possibility? He is not surprised privatizations have not happened already in the space. He suggests taking a tax loss and roll into a better oil producer. The demand for the small cap names is just too small right now.
Show full opinionHide full opinionPrivatization possibility? He is not surprised privatizations have not happened already in the space. He suggests taking a tax loss and roll into a better oil producer. The demand for the small cap names is just too small right now.
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
It is one of those oil producers that was a dividend oil producing company. They are using cash flow to pay down debt. They are out of favour but take advantage of tax loss selling.
Show full opinionHide full opinionIt is one of those oil producers that was a dividend oil producing company. They are using cash flow to pay down debt. They are out of favour but take advantage of tax loss selling.
COMMENT
COMMENT
October 8, 2019
Is the yield safe? Pays 7.9%. One of his few oil stocks. We're at the bottom of the oil cycle, though who knows for how long? CJ has a low decline rate and are buying back lots of share. The yield is safe at current oil prices and will move up or down with oil prices.
Show full opinionHide full opinionIs the yield safe? Pays 7.9%. One of his few oil stocks. We're at the bottom of the oil cycle, though who knows for how long? CJ has a low decline rate and are buying back lots of share. The yield is safe at current oil prices and will move up or down with oil prices.
PARTIAL BUY
PARTIAL BUY
August 26, 2019
They are a formal dividend model. They cut the dividend as prices came down. They produce mainly oil. Debt is 26% of equity. They have been using cash flow to pay down debt. The financial statements look good. He thinks in the future they will go up, but in the near term they may come off. Only buy a little bit her.
Show full opinionHide full opinionThey are a formal dividend model. They cut the dividend as prices came down. They produce mainly oil. Debt is 26% of equity. They have been using cash flow to pay down debt. The financial statements look good. He thinks in the future they will go up, but in the near term they may come off. Only buy a little bit her.
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.
Show full opinionHide full opinion(A Top Pick Sep 28/18, Down 55%) Typical for the sector as a whole. He continues to hold onto it.
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.
Show full opinionHide full opinionChallenging. 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.
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.
Show full opinionHide full opinionA 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.
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%
Show full opinionHide full opinionA 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%
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.
Show full opinionHide full opinionThe 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.
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.
Show full opinionHide full opinionIs 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.
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.
Show full opinionHide full opinionThey 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.
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.
Show full opinionHide full opinionHe 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.
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%.
Show full opinionHide full opinion(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%.
Cardinal Energy Ltd(CJ-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 6
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. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 Eric Nuttall on 2020-06-19. 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 2020-07-08, Cardinal Energy Ltd (CJ-T) stock closed at a price of $0.54.
