Cardinal Energy Ltd (Alberta) T.CJ

Off day math

[MohelJFox]

Wti q1 ($95) - wti q2 (108.5) = 13.50$ difference
 
$13.5 x 21000 bpd x 30 days =  $8.5 million/ month increase earnings from last quarter.

160 million shares @ 5c dividend = $8 million/ per month.
 

So last quarter our dividends would have been basically covered just by the increased wti pricing alone ! Amazing!

Now bring in the fcf from last quarter and send 50% of that to "shareholder returns"  as per the new arrangement.
Wow !

Is this even legal to make this much for your shareholders ?

Mind boggling !

[TheWokeLemming]

FCF for Q2 should be around $70-75 million.   For July I think the divvy stays at .05 but July 28 should see an announcement on increased returns.   If bought to the max, the NCIB should be around $10 million a month at current pricing, but generally 10% of shares are never taken off the table in a NCIB.  I see a divvy of .07  beginning in August.  My opinion only. 

[sclarda]

MohelJFox wrote Wti q1 ($95) - wti q2 (108.5) = 13.50$ difference   $13.5 x 21000 bpd x 30 days =  $8.5 million/ month increase earnings from last quarter. 160 million shares @ 5c dividend = $8 million/ per month.   So last quarter our dividends would have been basically covered just by the increased wti pricing alone ! Amazing! Now bring in the fcf from last quarter

[caretired1]

Buy august calls for max leverage to this story if you dare, imo

[MohelJFox]

Thanks Sclarda, how the heck did I forget the currency conversion is beyond me. I like your Layout, very easy to follow step by step. You should do their books ! Imagine a 9c/ month dividend, and still having $14.5m left over every month for buybacks, cap-x, or increasing the dividend ? What would 9c monthly do to our share price ? Obviously yields stay in the higher percentile lately as

[sclarda]

MohelJFox wrote Thanks Sclarda, how the heck did I forget the currency conversion is beyond me. I like your Layout, very easy to follow step by step. You should do their books ! Imagine a 9c/ month dividend, and still having $14.5m left over every month for buybacks, cap-x, or increasing the dividend ? What would 9c monthly do to our share price ? Obviously yields stay in the higher

[w8asec]

Can I ask if there's income tax payable or is there a large tax loss moving forward? ...and thanks for the numbers...might be time to stay quiet if you want to buy more.

[Re1ndeer2]

pshot 3 | Cardinal Energy Ltd. | TSX: CJ Net Zero: Negative Scope 1 Emissions As at September 30, 2021 Shares Outstanding – Basic 150 MM Shares Outstanding – Fully Diluted 166 MM Net Debt $218 MM Q4 2021 Forecast Production ~20,500 2022 Forecast Production 20,000 – 21,000 % Oil and NGLs (2022 Forecast) 88% Net Bank Debt (Q3 2021) $187 MM Credit Facility $225 MM RLI (PDP/2P

[Playacar]

Re off day math this resentation is excellent.   However it get even better.  If you go look at cardinals resentation.   It states.     THAT ONCE REACHING BANK DEBT OF  FIFTY MILLION THEY WILL FUTHER INCREASE THE DIVIDEND BEYOND FIFTY %  CASH FLOW