Cardinal Energy Stock News

Calgary, Alberta--(Newsfile Corp. - September 11, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our September dividend of $0.06 per common share will be paid on O

Calgary, Alberta--(Newsfile Corp. - August 10, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our August dividend of $0.06 per common share will be paid on Septembe

Calgary, Alberta--(Newsfile Corp. - July 27, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the second quarter ende

Calgary, Alberta--(Newsfile Corp. - July 10, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our July dividend of $0.06 per common share will be paid on August 15, 2

Cardinal Energy: Low Financial Leverage And An Excellent Dividend Yield.

Net debt decreased to $62.7 Million YoY, leading to a net debt to FFO of 0.18x. 2022 profitability is unlikely to be repeated in the lower commodity price environment.

Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify th

Cardinal Energy confirmed a 20% dividend hike. Although investors should not rely on the Q2 or even H1 results as the oil price is now much lower, the dividend is safe.

The dividend score combines a stock's dividend yield and growth rate to generate a score of up to 100, based on its ranking against screened peers.

Cardinal Energy took advantage of the strong oil price to rapidly reduce its net debt. The first threshold has been met and Cardinal has reinstated its dividend at a current yield of approximately 8%.

In my last article on IPOOF, I said the stock is worth $5.29. Since then, IPOOF brought a 30% profit for its investors.

Asante Gold Corporation (C.ASE) hit a new 52-week high of $1.65 on Wednesday. Asante Gold has received significant investor interest in a private placement of common shares of the Company to raise up to US$100 million at a price of CAD$1.75 per common share. Dynacor Gold Mines Inc. (T.DNG) hit a new 52-week high of $3.17 on Wednesday. Dynacor today announces sales of US$14.7 million (unaudited) (C$18.5 million) for January 2022, a US$1.4 million (8.7 %) decrease compared to January 2021. Radius Gold Inc. (V.RDU) hit a new 52-week high of 38 cents on Wednesday. Radius Gold reports results received from the Holly project in Guatemala, operated by joint venture partner, Volcanic Gold Mines Inc. Hole HDD-21-027 intersected 4.57 meters (or approx. 4.1m true width) returning over 54 g/t gold and over 3.9 Kg/t silver. This hole cut the vein at the same depth in the system as hole HDD-21-23 that intercepted 4.58m of 79.84 g/t gold and 5,053 g/t silver 150m to the south. Drilling is ongoing again at Holly, focused on extending this high-grade system at depth and along strike to the south with a goal of establishing a meaningful high-grade resource and improving confidence in the trend of the vein structure.

A round-up of what I liked and didn't like from Cardinal's 2021 year. The Good: One of the best share price performances in the Canadian energy space, rising oil prices, (now) unhedged production, and