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Canelson Drilling Inc CDLRF

Energy Oil & Gas Drilling


GREY:CDLRF - Post by User

Canelson Drilling Inc > CDI named top pick May 17 on Marke
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Comment by elmothefearlesson May 26, 2013 8:22pm
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Post# 21443593

RE: RE: RE: RE: CDI named top pick May 17 on Marke

RE: RE: RE: RE: CDI named top pick May 17 on Marke

Their dividend represents ~$4.5 million paid out monthly, they are cash flowing $25 million.  To me, a ~20% payout ratio does not constitute a "high level".

 

They have a nominal amount of net debt.

 

Seems quite clear the share offering was to bring in institutions.. not to raise cash to pay a dividend..

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