RE:RE:RE:RE:RE:RE:RE:Dividend SafetyTry and stick to posting facts instead of lies.
CJ traded over $9 last September when oil was in the $85-$90 range. They were already paying a dividend.
Shareholders can't complain here...they are returning cashflow to you.
Of course if oil goes lower for any length of time they will reduce the dividend. I already explained how there is more room before that happens of they want to keep the dividend at this level.
They will also return more cashflow to shareholders if it goes higher.
The whole sector will reduce capex of oil goes lower and OPEC will just turn off the taps.
With high inflation and rates staying higher costs are rising which means you have a higher floor on WTI. CJ has low debt which keeps their costs low.