RE:RE:RE:RE:RE:RE:RE:RE:RE:At what point would cj cut the Div to 5 cents? Ahh I see. I have heard this prediction repeated and also do not buy it but, if it gets me a stocking full of CJ X-mas shares on the cheap I am a-okay with that.
I really do not see this rallying again until the next ER report unless the EU's Russian sanctions spike western demand or the recession prematurely fizzles. I am sure the US is trying to eye the optimum time to replenish the SPR which will will have to be before summer.
In the meantime the divividend is a sfe as houses so collect and enjoy.
GLTY and all.
CJInvestor wrote: He was referring to crude prices dropping to high 60s. I don't see it myself. I see max low of 73. But that would be enough to drop CJ to the low 8s I'm sure. Let's hope for WTI high 70s as worst case scenario.