Cardinal Energy Ltd (Alberta) T.CJ

Dividend increase - how about asking IR?

[JohnnyDoe]

There seems to be a lot of back and forth about the dividend. The price of oil has dropped, inflation is running hot in the oil patch and interest rates are up. There's a lot of hot takes on the board, some of which may lead to false expectations. 

If you want to better understand the situation wrt the dividend and its stability, why not ask IR? Ask a credible question, you'll get a credible answer.

[Quintessential1]

IR may clarrify the existing dividend situation wrt sustainability at these WTI oil pirices but I don't think they can confirm an increase. I really don't think that was you intention with your post title but I am just clarrifying. Personally I think the dividend is probably safe at these oil price levels (Management ussually bulds in a buffer).  Do we really need it to rise? 

[Kadiddelhopper]

Venezuela: Oil Output Slides, Chevron Readies First Shipment to US Refineries | Venezuelanalysis.com...THis Article may be of interest. 

[JohnnyDoe]

I made the post because of things I read on the board regarding increases in the dividend. I generally don't like when false expectations are set on stocks where I have a considerable investment so when I see that type of thing, I throw my 2 cents in.  IR will comment on the sustainability of the dividend and you are correct that they cannot comment on potential future increases. 

[Quintessential1]

I agree that the attempts to keep oil prices low are a stromg headwind.  Where we disagree is probably with the use of the word artificial...sort of.  It seems the the global price of oil has been arificial since the creation of OPEC.   That being said it seems we have an ally in OPEC as they appear to want to keep the global oil price in the $80-100 range unless you wanted

[Konaboy]

This is a very interesting listen, it is a couple of hours.  Venezuela export increases require both production boost, and the shipping of diluent from the US.  Apparently this is the next shoe drop to watch for. https://anasalhajjieoa.substack.com/p/what-should-opec-do-what-would-russia