The Globe and Mail reports in its Friday, Feb. 6, edition that RBC Capital analyst Rob Mann has reaffirmed his "outperform" recommendation for Cardinal Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mann gave his share target a 50-cent boost to $9.50, matching the consensus. Mr. Mann says in a note, "Despite Cardinal Energy's strong share price performance over the past year, the company's rate of change remains positive and differentiated, offering investors exposure to meaningful organic thermal production growth while getting paid to wait via its base dividend yielding 7.9 per cent." The Globe reported on April 18 that Mr. Mann had upgraded Cardinal Energy to "outperform" from "sector perform." The shares could then be had for $6.04.
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