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Cardinal Energy Ltd (CRLFF) is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Cardinal Energy Ltd. is headquartered in Calgary, Canada.

Cardinal Energy Ltd price chart begins June 30, 2014 and began paying monthly dividends June 17, 2019.

Three key data points gauge Cardinal Energy Ltd or any dividend-paying firm. The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

CRLFF Price

Over the past year, Cardinal’s share price fell about 17.4% from $6.38 to $5.27 as of Friday’s market close.

If CRLFF’s stock trades in the range of $4.50 to $7.00 this next year, its recent $5.27 share price might rise to $6.00 by next year. Of course, CRLFF’s price could drop about the same $0.73 amount, or more.

My upside estimate of $0.73, however, is an optimistic target estimate based on recent price volatility.

CRLFF Dividend

Cardinal’s monthly dividends were suspended for two years and three months from April 2020 and reinstated as of July 15, 2022. CRLFF’s most recent Monthly dividend, payable September 15th  to shareholders of record August 30th is $0.043.  So, CRLFFs  annual dividend payout is projected to be $0.53 and yield 10.09% per Friday’s closing price.

CRLFF Returns

Adding the $0.53 anticipated annual dividend to Cardinal’s estimated $0.73 possible price upside, reveals a $1.26 potential gross gain per share for the coming year.

At Friday’s $5.27 closing price, a little over $1000 would buy 190 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.05 per share.

Subtracting that maybe $0.05 brokerage cost from my estimated $1.26 gross gain per share makes a net gain amounting to $1.21 X 190 shares = $229.90 for about a 22.5% net gain.

This may be the time to pounce on Cardinal Energy Ltd shares. But beware, Cardinal Energy is an oil exploration and drilling company. Furthermore, the estimated $100.90 dividend from $1000 invested comes in at just over 19 times more than the recent single share price. The choice is yours.

Remember, the true value of any stock is best realized by your personal ownership of shares.

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