Cardinal Energy: Gearing Up For A Strong 2026, Even At $75 Oil

Cardinal Energy offers a fully covered 6.5% dividend yield, even at $60 WTI, with upside from higher oil prices. Production is set to rise 20% by 2025 and reach 30,000 boe/d by 2028 as Reford 2 comes online. PV10 of 2P reserves stands at C$1.67 billion, with NAV per share around C$9 using conservative oil price assumptions.