98

Cardinal Energy Ltd (CJ-T)

ON STOCKCHASE SINCE Jan 2014

oil/gas

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Cardinal Energy Ltd
CJ-T

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Signal	Opinion	Expert
HOLD	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Jeff Parent B. VP & Portf, Castlemoore Inc.... Price $2.940 Owned No

DON'T BUY	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 1 0 0 comments	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 0 0 0 1 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $2.110 Owned No
DON'T BUY	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Josef Schachter President, Schachter Asset Mana... Price $2.390 Owned Unknown
BUY	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Robert Lauzon Deputy Chi, Middlefield Capital ... Price $2.180 Owned Yes
PAST TOP PICK	Cardinal Energy Ltd(CJ-T) 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%. oil/gas 0 0 0 0 0 0 comments	(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 0 0 0 0 0 0 comments Dennis da Silva Managing D, Middlefield Capital ... Price $2.340 Owned Yes
WATCH	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Josef Schachter President, Schachter Asset Mana... Price $2.100 Owned Unknown
SELL	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $2.240 Owned No
COMMENT	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $3.155 Owned No
HOLD	Cardinal Energy Ltd(CJ-T) 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% oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Joanne A. Hrusk Market Str, Integral Wealth Secu... Price $3.090 Owned Yes
DON'T BUY	Cardinal Energy Ltd(CJ-T) 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. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $3.880 Owned No
HOLD	Cardinal Energy Ltd(CJ-T) 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%. oil/gas 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $4.360 Owned No
DON'T BUY	Cardinal Energy Ltd(CJ-T) October 5, 2018 A year ago this stock looked very low and the commodity price was low, however, the companies in this sector were still making money. He thinks there will be good returns in the sector, but he prefers more torque with companies that will benefit from tighter heavy oil differentials. oil/gas 0 0 0 0 0 0 comments	A year ago this stock looked very low and the commodity price was low, however, the companies in this sector were still making money. He thinks there will be good returns in the sector, but he prefers more torque with companies that will benefit from tighter heavy oil differentials. oil/gas 0 0 0 0 0 0 comments Bill Harris, CF Portfolio , Avenue Investment Ma... Price $5.030 Owned No
TOP PICK	Cardinal Energy Ltd(CJ-T) September 28, 2018 Underappreciated, he thinks, and is torqued to oil (80% of production). He thinks WTI will be sustained between $70-$80 per barrel. A great dividend yield. Yield 8%. (Analysts’ price target is $6.75) oil/gas 0 0 0 0 0 0 comments	Underappreciated, he thinks, and is torqued to oil (80% of production). He thinks WTI will be sustained between $70-$80 per barrel. A great dividend yield. Yield 8%. (Analysts’ price target is $6.75) oil/gas 0 0 0 0 0 0 comments Dennis da Silva Managing D, Middlefield Capital ... Price $5.330 Owned Yes
DON'T BUY	Cardinal Energy Ltd(CJ-T) September 26, 2018 Canadian light oil producers have been abandoned by investors in general. He sees safer ways to play the energy space. He wonders if the dividend might be at risk as the company may need to put capital elsewhere. Yield 8%. oil/gas 0 0 0 0 0 0 comments	Canadian light oil producers have been abandoned by investors in general. He sees safer ways to play the energy space. He wonders if the dividend might be at risk as the company may need to put capital elsewhere. Yield 8%. oil/gas 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $5.150 Owned No
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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $5.000 Owned No

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