RE:RE:RE:RE:RE:RE:dividend policyFor me the important question is CJ’s hedging ?
Cardinal has proven to a successful company by
hedging responsibility at good pricing & deliverability.
Unlike Cenovus et al.
Say they are 100% hedged at $54 then this cutback of 420 bpd
is bad news !!
420 a day @ $54= $22,680 a day X 365 = $8 mil lost cash a year.
Comments ?
kc