TSE:CJ
3.81
0.11
(2.81%)
Analysis and Opinions about CJ-T
Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
July 30, 2021
Owns 8% of the company and is the second largest holder right now. Not the most exciting holdings but they are very profitable and gives good cashflow. Well over 10 years of development drilling. 1.9x EV to 22 cashflow and 39% free cashflow yield. Expects them to initiate a healthy dividend next year. Net zero emitter. Once the balance sheet is brought back to shape, will be in a good position. (Analysts’ price target is $4.60)
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Owns 8% of the company and is the second largest holder right now. Not the most exciting holdings but they are very profitable and gives good cashflow. Well over 10 years of development drilling. 1.9x EV to 22 cashflow and 39% free cashflow yield. Expects them to initiate a healthy dividend next year. Net zero emitter. Once the balance sheet is brought back to shape, will be in a good position. (Analysts’ price target is $4.60)
BUY
BUY
May 28, 2021
Bought 7% of the company. A name where you get mature assets with strong leverage to a rising oil price. Strong dividends and share buy backs. At 4x multiple at $70 oil, it would trade at $5.60 share price, a 67% upside potential.
Show full opinionHide full opinionBought 7% of the company. A name where you get mature assets with strong leverage to a rising oil price. Strong dividends and share buy backs. At 4x multiple at $70 oil, it would trade at $5.60 share price, a 67% upside potential.
TOP PICK
TOP PICK
April 30, 2021
Bought strategic positions in this company. Trading just under 3x cashflow at $60 oil. Higher operating costs. A boring play but at $70 oil, they generate gobs of free cashflow. De-leveraging and balance sheet is improving. Looking for a dividend in the future. Share buy back and acquisitions will add attractiveness. (Analysts’ price target is $2.65)
Show full opinionHide full opinionBought strategic positions in this company. Trading just under 3x cashflow at $60 oil. Higher operating costs. A boring play but at $70 oil, they generate gobs of free cashflow. De-leveraging and balance sheet is improving. Looking for a dividend in the future. Share buy back and acquisitions will add attractiveness. (Analysts’ price target is $2.65)
TOP PICK
TOP PICK
March 26, 2021
Had a convertible note that was converted to stocks so bought it. 7% stake in the company. 2.3x cashflow at $60 oil. Trading at 34% free cashflow yield. Not the most exciting asset, but generates a lot of free cash. They could reinstate their dividend. (Analysts’ price target is $2.65)
Show full opinionHide full opinionHad a convertible note that was converted to stocks so bought it. 7% stake in the company. 2.3x cashflow at $60 oil. Trading at 34% free cashflow yield. Not the most exciting asset, but generates a lot of free cash. They could reinstate their dividend. (Analysts’ price target is $2.65)
BUY
BUY
February 9, 2021
Likes it. Mostly owned by retail investors, so he can't find an institution to buy a lot of shares from (for his fund). He price-targets $35 share price and 120% upside.
Show full opinionHide full opinionLikes it. Mostly owned by retail investors, so he can't find an institution to buy a lot of shares from (for his fund). He price-targets $35 share price and 120% upside.
DON'T BUY
DON'T BUY
October 16, 2020
It would not be a name he would own. The number of market participants are very small. There is a certain market-cap threshold for market relevance. There is a pressure for MnA. It has higher cost, medium heavy oil company. They suspended dividends.
Show full opinionHide full opinionIt would not be a name he would own. The number of market participants are very small. There is a certain market-cap threshold for market relevance. There is a pressure for MnA. It has higher cost, medium heavy oil company. They suspended dividends.
DON'T BUY
DON'T BUY
August 6, 2020
A small cap, medium heavy producer. Because they own older fields, operating costs are higher. Banks cut their lines by 30%. There is free cashflow and there is liquidity. However, he would look elsewhere.
Show full opinionHide full opinionA small cap, medium heavy producer. Because they own older fields, operating costs are higher. Banks cut their lines by 30%. There is free cashflow and there is liquidity. However, he would look elsewhere.
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.
Show full opinionHide full opinionLight 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.
Cardinal Energy Ltd(CJ-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
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, 3 stock analysts published opinions about CJ-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 2021-07-30. 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?
3 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 2021-09-17, Cardinal Energy Ltd (CJ-T) stock closed at a price of $3.81.
