Divy For comparision
I think this is the closest Candian company that VLE lines up well against
Notes :
we have apx 65 million less shares
we will be producing more oil than CJ when everything is up and running
we have no debt
they are canadian dollar numbers ours is USA
Based on CJ current MC that would be 13.63 per share for VLE with the same MC hmmm
glta
Fundamental Data - CJ
| Security Type | Equity |
| Shares Issued | 158,276,302 |
| Market Cap | 1,180,741,000 |
| Year High | 9.96 |
| Year Low | 4.51 |
| Annual Earnings/Share | 1.47 CAD |
| P/E Ratio | 5.07483 |
| Annual Dividend/Share | 0.72 CAD |
| Annual Dividend Yield | 9.651475 % |
| Ex-Dividend Date | 2023-01-30 |
| Sector | 10102020 - Oil & Gas Exploration & Production
Financial and operating highlights from the third quarter of 2022: - In the third quarter of 2022, Cardinal returned $48-million to shareholders composed of $24-million in dividends and $24-million in common share purchases and cancellations.
- Strong drilling results increased third quarter production by 12 per cent over the same period in 2021 to 21,715 barrels of oil equivalent per day.
- Petroleum and natural gas revenue increased 50 per cent in the third quarter of 2022 over the same period in 2021 due to a 34-per-cent increase in realized commodity prices combined with increased production:
- Third quarter 2022 adjusted funds flow (1) increased to $79.6-million (50 cents per diluted share), a 112-per-cent increase over the third quarter of 2021.
- Third quarter free cash flow (1) increased to $56.3-million, which enabled the company to increase its monthly dividend beginning in the fourth quarter.
- Net debt (1) has decreased 71 per cent in the past 12 months, leading to a 41-per-cent decrease in financing costs in the third quarter compared with the same period in 2021. The financing cost decrease included a 62-per-cent decrease in bank debt interest despite higher interest rates.
- The net debt to adjusted funds flow ratio (1) remained low at 0.2 times for the third quarter of 2022 with drawn bank debt at the end of the third quarter at $42-million.
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