Dividends are very important now A large dividend is important now. Reason being if Canadian oil stocks are not going to be appreciated with share price then there needs to be a reason to hold. No reason to hold share prices go down simple as that. Yes they are extremely undervalued but that could be the norm for quite some time. I need to get some value for my money now.
we see it in other Canadian oil stocks too. If they have a dividend its barely factored into share price. All the oils go up and down together dividend or not.
Cardinals debt it such that its at a sustainable level with a big dividend even if oil goes to $80. If you don't think oil is going to stay higher for longer your in the wrong sector
6-7 cents is the right number. Nothing less