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Cardinal Energy Announces November Dividend and Strong Initial Production at Reford

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Cardinal Energy Announces November Dividend and Strong Initial Production at Reford

TipRanks Black Friday Sale

The latest announcement is out from Cardinal Energy ( (TSE:CJ) ).

Cardinal Energy Ltd. has announced a monthly dividend of $0.06 per common share for November, payable on December 15, 2025. The company also reported that production at the Reford Central Production Facility has exceeded initial forecasts, averaging approximately 4,000 barrels per day of heavy oil. This strong performance at an early stage reflects Cardinal’s disciplined reservoir management aimed at maximizing long-term value and recovery.

The most recent analyst rating on (TSE:CJ) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Cardinal Energy stock, see the TSE:CJ Stock Forecast page.

Spark’s Take on TSE:CJ Stock

According to Spark, TipRanks’ AI Analyst, TSE:CJ is a Outperform.

Cardinal Energy’s solid financial performance, characterized by strong revenue growth and efficient cash flow, is the primary driver of its stock score. The technical indicators suggest a positive trend, while the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data does not impact the overall score.

To see Spark’s full report on TSE:CJ stock, click here.

More about Cardinal Energy

Cardinal Energy Ltd. is a Canadian oil and natural gas company focusing on low decline sustainable oil production in Western Canada. The company has recently completed its first thermal project in Reford, Saskatchewan, transitioning to the production phase of operations.

Average Trading Volume: 847,384

Technical Sentiment Signal: Buy

Current Market Cap: C$1.34B

For an in-depth examination of CJ stock, go to TipRanks’ Overview page.

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