RE:Interesting commentsSirlostalot wrote
If Cj indicated they had current dividend, and all in production costs as well as periodic debt repayment covered at 55 wti threshold, and that threshold declining slightly as debt/interest is paid down would it not be fair to say at a conservative 2H 2022 average of 85 wti ( 2 months already past well in excess of this level) the following numbers might be realized 85 - 55 = $30 x 22000(bpd) x30(days)x6(months) for a total of 119 million over second half , subtracting 62m for debt and 30m increased capex would leave 27m for increased shareholder returns , a 3 cent a month increase for Oct/nov/dec would cost ~13.5 m , maybe my numbers are all wrong or too simplistic but it would seem Cardinal could please everyone as long as wti stays north of 80 and production is stable.
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You seemed to have missed the cost of the current 5 cent monthly dividend. In the second half of this year that will cost CJ aprox. $48 million. At $90 oil CJ after deducting for capex and the increased capex and the 5 cent monthly dividend and the $62 million of debt they want to pay off will still not be able to pay off all debt by the end of this year and that is without any increase to the dividend or share buybacks.
The numbers dont lie.