Cardinal Energy Ltd (Alberta) T.CJ

ANOTHER DIVIDEND INCREASE.

[Moremoney4u]

Should expect another divy increase, debt. is reduced. share buybacks done, GREAT 2nd quarter, maybe in NOV. DEC. This is holding up very well. This week back into the 9.50 range. Target price is 12.50. We need a 20% increase in divy. OIL PRICE might be going down,the recession will kick in , in about 6 months, it will be a V SHAPE RECOVERY, WE WAIT and get paid DIVY, NICE. This is when oil starts to recover, back into the 105.00 range. China recovers, world economies recover. This is a screaming BUY right now. Load up on every dip.

[navajojoe]

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[sclarda]

navajojoe] wrote i f the company is prudent, they will delay the dividend increase. Oil has fallen too far to be doing anything stupid right now. ------------------------------------------------  With oil at around $90 CJ should have cashflow of aprox.  $350 million per year or aprox.  $175 million in the second half of this year. Capex for the second half of the year should be