Power of a Dividend
CJ is one of the most overvalued of the Canadian energy stocks but yet in this latest carnage it has held up very well comparatively down only 20% vs 40% down for most other junior and mid cap. A 60 cent a year dividend has maintained a stock price of $7 which must be based on the yield as per barrel and FCF metrics dont support such a comparative high SP. 60 cents a year dividend would cost YGR about 50 million a year, less than half of projected FCF next year at 85 wti and 4.50 aeco.