Cardinal Energy Ltd (Alberta) T.CJ

Good Read about Upcoming Earnings

[CJInvestor]

Although personally I think CJ should focus on share buyback over a div increase so soon...

https://ca.finance.yahoo.com/news/cardinal-energy-tsx-cj-expect-124111126.html

[JayBanks]

  That article gave us no info we haven't already been discussing, it just continues the 'echo chamber' we are already in here... The dividend increase was already guided by management in the plan forward, for them not to increase it would go against thier own words... The question becomes how big do they go? They already came in light at 5 cents on entry citing safety

[sclarda]

JayBanks wrote       That article gave us no info we haven't already been discussing, it just continues the 'echo chamber' we are already in here... The dividend increase was already guided by management in the plan forward, for them not to increase it would go against thier own words... The question becomes how big do they go? They already came in

[JayBanks]

  I believe it was along the lines of a 25% increase in returns to shareholders after $50mil debt was breeched (which I believe has happened already, which is what we expect to be reported)... I think we calculated by thier maths they could have paid 7 (maybe 8) cents earlier as a starting dividend, but they wanted to play it safe and started with 5. Theoretically they should be adding

[Moremoney4u]

I like your math, its seems pretty plausible. They will have a great quarter coming up, the DIVY should go up and if you figure for they increase it by 2 cents , that translates into 3.50 per share increase to maintain that 8 % yield. Either way, if they pay down debt.to bring it to ZERO, buy up shares, which is more likely, or increase divy, ITS all good, also drill more wells and take advantage

[TheWokeLemming]

I believe you have to buy shares by this Wednesday to get the July dividend. Only concern for me is the Fed meeting and the probability that WTI declines early in the week. The last 2 Fed meetings have been lethal for the energy sector as there has been big selloffs the following day, which would be this Thursday.  The timing of CJs report is unfortunate as the following week would have

[sclarda]

JayBanks wrote       I believe it was along the lines of a 25% increase in returns to shareholders after $50mil debt was breeched (which I believe has happened already, which is what we expect to be reported)... I think we calculated by thier maths they could have paid 7 (maybe 8) cents earlier as a starting dividend, but they wanted to play it safe and started with 5

[CJInvestor]

How could they increase by 2 cents and pay a 9 percent yield and not be 15 stock? I just don't get why CJ is such an undescovered gem among oil stocks. Who else is offering an 8-10 percent yield and buying back? Yet stocks like Arx and Whitecap keep getting shout outs by analysts. No sense...

[Re1ndeer2]

Next year $13-$15 no problem at $100 WTI