RE:Aug 15 divvy announcementI moved a bunch into CJ because of the div - one of the highest % based div out there for O&G.
I would love to see the DIV increased but really prefer to ensure my initial investment is secured first - to me at this point, it's complete debt reduction and, if possible, additional share repurchases.
I am in no rush for a div bump - ride the quarter - oil is going to hover around $100 and CJ, at the end of Q3 should be claiming debt free. Along with that will come your incresed div along with a run-up in SP leading to results. More peeps pay attention to releases in Oct than in Jul/Aug anyhow...
Long story short, enjoy your summer, the fall will bring what you desire.
TheWokeLemming wrote: To me there has to be something in that which tells us about increased shareholder returns. We should already be under $50 million debt or very close to it in my opinion.