RE:RE:Has Cj done it?vwbusman wrote: Not likely debt is done - may take til end of this year with current WTI. Hoping for positive news with upcoming quarter but reality is it will take longer than we all want and dividend will not change til after debt is eliminated
LoL last time someone made similar statement about the dividend was Coolson on Sept 11th an hour after trading finished No chance for dividend increase and no chance for 50m paydown by the end of the year... About 12 hours later Cardinal announced a dividend increase, Now we are going to see if the 2nd part was wrong I am against you and Sclarda and believe that CJ is going announce a payout increase for either the year end report or the shortly after Q1 Sclarda atleast backs up his case with maths which is respectable, but I believe they are doing better than his maths suggest and will have paid down a little more debt than he assumes and have created more wiggle room, but we will see soon enough The Bank debt I believe is the one that matters most and I believe will be lower 30s or maybe upper 20s in one or both up coming reports, with the pay down in debt the interest costs have been lowering and buy backs will mean less dividend cash has been paid, both those factors create a couple million in discrepancy Id factor in and also I believe we had a decent receivable number to come in that was charged and factored into financials as income/revenue, but we had not yet taken possession of yet therefore it was not allocated to where it was going once received (likely debt) and I would expect the year end to be more complete in that regard, usually that is one of the reasons for the longer wait on official year end numbers. Im not saying way better shape, but a 3-5 million discrepancy on the 140-170 mill revenue and 40-50 mill FCF = the 1 cent increased payout that Im expecting, and we were in good enough shape before it doesnt have to be that high of the range for them to make the announced increase that likely takes affect a month or so later I would say its a better than 50% chance we get a dividend raise announcement with the Q4 in 3-4 weeks time, likely closer to 75-80% chance in early May Q1. Ive almost doubled my position in Nov & Dec anticipating this, and might add more before the announcements are made if I can