RE:RE:Dividend SafetyThe drop in WTI has nothing to do with fundamentals as another draw on inventories showed. Demand will also be increasing more now with driving season starting and China opening ramp up.
Capex can easily be adjusted if necessary...and it will if oil prices drop. These guys aren't about to pump more just to lose money.
CJ is ahead on ARO which can also be scaled back if needed (can be cut by more than 50%).
With only $31.3M of bank debt they won't have a problem borrowing a bit more if needed.
Looks like they will save by hedging power costs this year.
The reduced costs of $8-$9/boe with multi-leg drilling will be a bonus.
Current CAD weakness was not factored into 2023.
WCS differential is already lower than expected.
With a healthy dividend they have done as advertised....return cash to shareholders.