RE:RE:At what point would cj cut the Div to 5 cents? They said 5 cent div was sustainable at 55 oil. That would assume zero capex. With div at 6, it is sustainable at 58 assuming no capex. The last quarter presentation says 80 oil covers the div at 6 cents, 120 million of capex and 35 million of free cash flow after that for 2023. 35 million of free cash flow is 5 in oil price so no change is needed until 75 oil average for the year based on their numbers in their presentation. I assume they reduce capex at that point unless the payback is so compelling and short term in which case they may borrow for a very short term imo