Holding onto Cardinal Energy Stock in Anticipation of Better Times Ahead
January 17, 2023
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Cardinal Energy ($TSX:CJ) is a Canadian energy company that specializes in the exploration, production, and sale of oil and gas. The company’s solid financials and strong presence in the Canadian energy sector make it an attractive stock to own. With a highly experienced management team and a well-diversified portfolio of assets, Cardinal Energy is well-positioned to take advantage of any market opportunities that may arise. In addition to its diversified portfolio, Cardinal Energy also has a history of delivering strong operational performance. The company has consistently achieved above-average results in terms of production and profitability. This performance has been achieved despite fluctuating market conditions, which makes it an appealing stock for investors looking for reliable returns. The company is also committed to environmental sustainability and has made significant investments in renewable energy sources.
This commitment to renewable energy sources demonstrates Cardinal Energy’s commitment to long-term sustainability and a sound business model. At present, Cardinal Energy’s stock is trading at a discount to its competitors. This provides an opportunity for investors to acquire shares at an attractive price, while also providing potential for long-term capital appreciation. As the stock price continues to recover from recent declines, investors should be optimistic that the company’s prospects are improving. Holding onto Cardinal Energy Stock in anticipation of better times ahead is a prudent move for any investor looking to capitalize on a potential upturn in the industry.
Stock Price
Despite the sluggish economic conditions, news coverage has generally been positive, and this was reflected in the stock price on Thursday. Cardinal Energy opened at CA$7.2 and closed at CA$7.4, up by 3.5% from the previous closing price of 7.2. This positive trend may be due to the company’s recent announcements of cost-cutting initiatives and expansions into new markets, which have helped to increase investors’ confidence in the stock. The company’s financials have been strong and it has continued to generate profits despite the challenging economic environment.
Analysts are also optimistic about the future prospects of Cardinal Energy. Many are expecting the stock to continue its upward trend as the company expands into new markets and implements cost-cutting initiatives that will help to improve its bottom line. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cardinal Energy. More…
| Total Revenues | Net Income | Net Margin |
| 727.25 | 227.78 | 32.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cardinal Energy. More…
| Operations | Investing | Financing |
| 320.55 | -89.53 | -231.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cardinal Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.06k | 222.88 | 5.38 |
Key Ratios Snapshot
Some of the financial key ratios for Cardinal Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.7% | 107.9% | 32.5% |
| FCF Margin | ROE | ROA |
| 29.7% | 17.5% | 13.9% |
VI Analysis
CARDINAL ENERGY is a medium risk investment according to the VI Risk Rating. This rating is based on an analysis of the company’s financial and business fundamentals, giving investors an indication of the company’s long term potential. The VI App has detected two risk warnings in the income sheet and balance sheet, so investors should take a closer look before investing. Investors should use the VI App to review the company’s financials and understand the risks associated with investing in CARDINAL ENERGY. They should also assess the company’s competitive position within its industry and consider the current market conditions. Investors should also consider the company’s management team, as well as any potential regulatory and legal issues that may arise in the future. The VI App offers quick access to key financial facts and metrics, enabling investors to make informed decisions about potential investments. It also provides detailed analysis of the company’s financial statements, helping investors to understand the risks associated with investing in CARDINAL ENERGY. Overall, it is important to do thorough research and take into account all the factors mentioned above before investing in CARDINAL ENERGY. By using the VI App, investors can quickly access pertinent information about the company and make an informed decision about their investment. More…
VI Peers
The company has operations in Alberta, Saskatchewan, and Manitoba. Cardinal Energy Ltd is listed on the Toronto Stock Exchange under the symbol “CJ.” The company’s principal competitors are Velocity Energy Inc, Oronova Energy Inc, Canacol Energy Ltd.
– Velocity Energy Inc ($OTCPK:VCYE)
Velocity Energy Inc is a Canadian oil and gas company with a market cap of 2.29M as of 2022. The company is engaged in the exploration, development, and production of oil and gas properties in the Western Canadian Sedimentary Basin. Velocity Energy’s primary focus is on the Montney natural gas play in northeastern British Columbia and northwestern Alberta.
– Oronova Energy Inc ($TSXV:ONV.H)
Oronova Energy Inc is a publicly traded company with a market capitalization of $876.06 thousand as of 2022. The company has a return on equity of 33.35%. Oronova Energy Inc is engaged in the business of oil and gas exploration, development, and production. The company was founded in 2004 and is headquartered in Calgary, Alberta.
– Canacol Energy Ltd ($TSX:CNE)
Canacol Energy Ltd is an oil and gas exploration and production company with operations in Colombia, Guyana, and Brazil. The company has a market capitalization of $365.64 million and a return on equity of 39.95%. Canacol Energy Ltd is engaged in the exploration, development, and production of oil and gas properties in Colombia, Guyana, and Brazil. The company was founded in 1984 and is headquartered in Calgary, Canada.
Summary
Cardinal Energy is a stock that has seen its share price rise recently on the back of mostly positive news coverage. Investors may be holding onto the stock in anticipation of better times ahead. Analyzing the stock from an investing perspective, it is important to consider the company’s fundamentals such as earnings, cash flow, and balance sheet.
In addition, factors such as industry trends and macroeconomic conditions should be taken into account. Ultimately, investors should do their own research and make their own decisions when it comes to investing in Cardinal Energy.
