RE:RE:RE:forecast123 alias: CJ's dividend in 2019 & cash flow lessons I used to think otherwise, but the more i'm reading your posts, its becoming more apparent that your MO is just fear mongering and trolling.
We're not idiots Chris. You might be, but we're not.
The company is not forced to a 50mm level of sustaining capex.
They could spend less, heck susspend it nearly altoghether and let the production delcine until the prices reach a SANE level. Why spend millions to throw oil into these kind of guarneteed CASH LOSS spreads? They wont. They would do what any sound MGMT team would do faced with this situation and cut the drilling off. Let production attrition run until prices support returning production back to currentl levels.
This is what BNE did in 2016. It's what BNE and CJ will both do again in this environment. Parasites like TD analysts and yourself would have us beleive that it's black and white and everything else except the dividend is fixed, so hey, guess there's no other options but to cut right? hands are tied to 50mm capex right? Wrong.
Do you work for TD Chris? The timing of both your appearnce here to fear monger the board about the dividend, and their note issued recently certainly seems suspect. Both you and their shop also out of toronto. Get a life.
Just like all your BS over on the Peyto board... look where the strip is now fool. ie these differeals wont last either, neither did zero AECO prices. all that fear mongering and sky falling posts you spewed over there about their dividend and where their price was headed turned out to be complete horse chit didnt it? Enough of the bs.