Cardinal Energy Ltd (Alberta) T.CJ

Seven cent Div's got my juices flowing

[DowopDowop]

From the "Estimated Second Half 2022 Dividend Level Scenarios" slide. 
https://cardinalenergy.ca/wp-content/uploads/2021/11/November-2021-Winter-Presentation.pdf

Key words:
The dividend rate is expected to be fixed at the prevailing oil price at the time Phase One debt level is achieved. Below assumes that level is reached July 1, 2022.

Prevailing to me is >$90 like it has been for 3 months now. 
7 cents still only 50% payour ratio so lots of safety there.
Time to get paid. Been a long time for some us. $8.40+ SP and a 10% yeild.

Really makes me wonder about all the BS talk/ guessing by some. 
Its in black and white. ( well Red and Black).

[MohelJFox]

That’s how I read it to, but the more people read into it the more they hypnotize themselves that it will be less.  7c end of May, that’s my original prediction (I believe ). While I might be off on dates, I feel confident on price.  Let’s hope management wants some attention, and makes a statement no one can ignore !

[CashFlowADay]

I love Cardinal but I am expecting about half of that!   Costs have gone up, other such needs for money.  If it is 4 cents or better I will be shocked and so happy.

[Kontrary]

I'm with you. The key words are "sustainable dividend." Oil prices are great right now, but we've seen how fast that can change. We've also seen how negatively the market reacts when a company cuts its dividend. Instead of setting a high monthly dividend based on today's Oil and Gas prices, I'd rather see them set a more conservative monthly dividend that they can