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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: jazzlover2 who wrote (104645)3/29/2021 1:58:40 PM
From: Goose94Read Replies (1) | Respond to of 202365
 
Cardinal Energy (CJ-T) new 52 week high, $2.75



To: jazzlover2 who wrote (104645)4/30/2021 1:42:06 PM
From: Goose94Read Replies (2) | Respond to of 202365
 
Cardinal Energy (CJ-T) revisited 2.0 top pick from Eric Nuttall on BNN.ca Market Call Friday April 30th @ 1200ET

Cardinal Energy is a small cap light/medium oil producer that offers tremendous pricing leverage to an oil price over $60WTI. While not the most exciting suite of assets, their free cashflow generation is enormous with a current ($65WTI) free cashflow yield of 30 per cent. Trading at 2.3X EV/CF using a target multiple of 4x would imply a ~$5 target offering potential upside of 92 per cent. We own seven per cent of the company.