RE:RE:RE:RE:RE:Bnn mccrea commentsHey P
It could very well be the high div although you would think that would be a good incentive to hold.
I would chalk todays dip up to the market puking with a slight oil dip. I don't even want to say drop because the divy is so safe at $88+ oil and I still believe (despite EN's warning) that CJ is in the divi sweet spot where they are maxing out returns to shareholders while taking care of business and the balance sheet too! The Q3 report ought to show that and you should not only see a recovery but a runup towards that date and the ex-div date too although today was probably the day to buy back in.
Just to compare it to GXE's dividend that was cut in half you could see how at .01 cent per month GXE was going to need $100 WTI to provide the $2.8 MM in FCF they would need to cover a $2.61
MM dividend payout with very little left over.
CJ on the other hand, seems to have targeted their divy as being sustainable in the $80 WTI range.
At least I think it is. It might be worth picking up GXE just to get their hands on whomever puts together GXE's monthly report so they can do the same for CJ. LOL
GLTY and all
Pottsy wrote: Q1, I think it's the high divi, remember Nuttal saying the anything above 6% was a "risky venture". Look at the swing in the last 24 hours. I bought back in at $7.25... because of my magic carpet but look where we went $6.99 now about $7.10. This is a trading platform in my opinion. My MC can't predict sell only buy so I am hoping to see a recovery soon. If I were on the sidelines at this price I would buy in. P