Cardinal Energy: Offering An 11% Dividend Yield While Investing In Growth
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Cardinal Energy maintains an 11% dividend yield while investing in growth projects, despite a drop in WTI oil prices. The company experienced a slight production decrease and a 10% revenue dip in Q3, but managed to maintain positive free cash flow.
December 03, 2024 | 3:45 pm
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Cardinal Energy offers an 11% dividend yield, supported by positive free cash flow, despite a 10% revenue dip and high capex. The company is investing in growth projects in Saskatchewan.
Cardinal Energy's ability to maintain a high dividend yield and positive free cash flow, despite revenue challenges, suggests stability. However, high capex and dividend payouts not fully covered may limit short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100