Cardinal Energy Ltd (Alberta) T.CJ

So which is it?

[MikeNewTrader11]

First priority reduce debt
or
maintain debt under 50 million

contradictory,  if debt is costing us 24 mil a quarter in an interest rate rising environment, the only priority is to pay off remaining debt, sit back for 2 quarters and bank 50 million.  Like most any of us would probably do with our line of credits.  IMO
cheers

[JosephM1]

WTF!   24 million a quarter debt costs??

[Coopsvw92]

There are some very knowledgeable people on twitter that post excellent DATA instead of opinion.  Check out Burnsco, JennyManyDots and Josh Young if interested.  Payday Tuesday!!

[caretired1]

Nope.  Not the $ cost of debt but The interest rate on the debt is somewhere near the dividend yield so they will pay off debt if things stay this way.