RE:RE:Monthly UpdateI am unable to answer your question simply as I am unable to predict their profitability and the results of their field activity for the upcoming quarter. Using an annual dividend of 0.06 cents per share and the 2nd quarter results I calculated the folowing numbers.
| Profit for the Period | 5555000 |
| Operating Cashflow | 13316000 |
| Funds Flow | 16201000 |
| Decommisioning Obligations Settled | 912000 |
| Adjusted Funds Flow | 17113000 |
| Development Capital Expenditures | 7370000 |
| Free Cashflow | 9743000 |
| Dividends Paid | 3916725 |
| Free Cashflow after Dividends (Equity Dividends) | 5826275 |
| Net Cashflow | 3954275 |
| Current Liabilities Coverage | 1.147038 |
| | |
| Additions to Property Plant and Equipment | 7370000 |
| Growth Capex Depreciation Coverage | -3172000 |
| Free Op. Cashflow after Dividends and Capex (Debt Capex) | 2029275 |
In one of Cardinal Energy's Management Discussion and Analysis filings they showed how they calculated Adjusted Funds Flow which I followed (a couple of their formula items I did not use).
I have inferred their capital expenditures will be higher in the next quarter than the second quarter. As I said I don't know what the third quarter revenue and cashflow netbacks (after royalties, operating expense and transportation expense) are going to be.