Cardinal Energy Ltd (Alberta) T.CJ

CJ better not limp out on our dividend

[Rational43]

50% of FCF once you hit $100M debt CJ, that's what you've said the whole time.

You should be at $100M by end of May.    

You put FCF on the screen, At $100 oil our 50% is a 96 cent dividend, at $90 is 84 cents.

CJ better be delivering a double digit dividend yield to start by end of June.

[Oasisjunior]

How do you think they are going to pay this,,,, monthly, quarterly,,,  the long of the short of it we better ge our wheel barrows ready because the cash will be coming in huge...

[MohelJFox]

Monthly ! Thats how they payed before and----- that's how they are displaying it on their latest calculations

[JayBanks]

  You gotta adjust your mindset about the dividend, The company cares little to not at all about the current running dividend yeild, that's reliant on the market movement. Only time I've heard yeild referenced by a company is when Pembina management referenced it in an answer on a quarterly when they basically said 'there was no reason to up the dividend when it's yeild is

[Pottsy]

Thanks JayB, a great overall view...

[rascallion]

Well said Jay. 

[Rational43]

Where to start: "Everyone I see is projecting based on WTI" The company projects based on WTI as well "which is not the grade that CJ/Alberta/Saskatchewan produces" Agreed, they don't deliver to Cushing Ok against the WTI contract.  Their light oil delivers against Canadian Light Edm, with a slight discount, which is obtained in their financial statements. the

[navajojoe]

This post has been removed in accordance with Community Policy

[odinburnz]

.o4 div....i'll take it.Twice as much as Cenovus's triple div!

[Re1ndeer2]

Agree with your timeline on debt reduction.........Don't see jumping in with double digits until consecutive quarters......start with .05 per month, update quarterly......Top up with special divy as markets dictate....slow and steady....