RE:RE:RE:RE:Shorters will get hosed when cj sells the royalty interest. I have often wondered, and we all know that O&G pricing sorta sucks right now, whether the possibility exists that Cardinal might do the royalty thing themselves. They may, but it is also quite possible that there just isn't the desire to step up and buy O&G assets except by issuing shares. So maybe, what is the back of the mind with management is that they may decide to split off the royalties into a seperate company and do a capital raise at the same time.
If I recall correctly, Encana did this with PrairieSky. There may very well be a desire for a new royalty company with dependable distributions in this environment. It could be a situation like what happened with ParirieSky, where there was a big pop in the share price on the first day of trading.
Just a thought.