Cardinal Energy Ltd (Alberta) T.CJ

How much is enough ?

[MohelJFox]

Do we want a dividend over 7c or do we vant more expenditure into drilling to keep up inventories ? 

I hate being that guy that says this phrase, but who wouldn't want to take us out at these profits ?

Big Mur let's do lunch !

[Re1ndeer2]

Debt reduction over next two quarters coupled with Buybacks equals $10 stock price..

[DowopDowop]

I want them to do exactly what they said they would do with Dividends in the Corporate presentation.   They should hit Phase 1 dept  level before the end of April by my math.  And if $100 oil persists the FCF is amost 30 Million a month.  So they will hit Phase two dept level around end of July/early August ( when you deduct the DIVi ~15 mil a month ).

[ronz]

Plain and simple, it doesnt really matter what you or I say, but if they dont address the dividend soon with profits, share price this high and a price of oil over $100+ per barrel of oil, this will get abandoned by shareholders because it speaks volumes that they don't care about their very patient investors. All of the other stocks out there from the canadian oil markets are providing

[ygdrasil]

For every shareholder willing to sell, there will be 2 ecstatic to buy shares of a company with no debt and sky high profits. Be patient. If you're not getting the money in dividends, you'll get it in terms of share price. Share price drops with every dividend. Share price rises if a company is printing money and keeping it. Just look at Apple over the past few years.

[Kontrary]

Completely agree. A year ago this stock was trading at $1.57. It's now more than 4X that. Paying down the debt now puts the company in a much better position to continue paying a sustainable dividend if/when oil prices drop. Funds currently going toward debt servicing charges can ultimately be used for better purposes. More importantly, it gets the banks out of the picture. CJ would have had a