RE:RE:Not bad...Ok Raven. I had a chance to look at the statements again. To answer your question, many companies atttempt to have their annual adjusted fund flow at a 1:1 ratio. From what I can derive from the statement, Cardinal will actually have a lower than 1:1 ratio. I can only attribute this to the uncertainty of the commidity price, and the hedges in place.
Based on the revenue they expect to achieve, it would seem they expect to have some cash left over AFTER the 1:1 with no method at the moment to utilize. MAYBE they have plans to use this cash which we are not privy to at the moment??? (dividend???)
Mas