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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	8/11/2017 8:37:32 AM
	Read Replies (1) of 202365

Cardinal Energy (CJ-T) top pick from Rob Lauzon on BNN.ca Market Call Thirst-day Aug 10th @ 1300ET Shares of Cardinal have been under pressure since announcing a $300 million acquisition of low decline oil properties from Apache Canada, representing tremendous value for new investors. After speaking to management, the dividend is sustainable in the current oil price environment, providing a high level of current income along with capital appreciation potential over the next 12 months as the firm de-lever’s the balance sheet and reduces costs. Oil over US$50 for an extended period would be a major catalyst for the stock.

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