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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (32920)8/17/2017 7:41:04 PM
From: Goose94Read Replies (2) of 202323
 
Cardinal Energy (CJ-T) top pick from Bruce Campbell on BNN.ca Market Call Thirst-day Aug 17th @ 1300ET

Cardinal is a smaller, Alberta-based oil producer that has been hit like every other stock in the group. A recent acquisition, which was done in part with stock, was not well-received in the negative oil environment, and the stock is now grossly oversold. They have trimmed spending to keep their balance sheet in good shape and are also doing some small asset sales. At current levels, you get a very low decline rate, a 10 per cent dividend yield (which is sustainable down to below $40 WTI), and a 4x cash flow multiple so you get paid to wait while the sentiment improves
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