my takeaway from results here's the critical tkeaway IMO. Given their debt ratio, i think they'd probably take on a bit of debt rather than cut the divvy....so it's looking like a pretty stable divvy and significant returns growth in 2026
Under current strip pricing, Cardinal is forecasting that adjusted funds flow for 2024 and 2025, driven by our low-decline conventional oil and gas assets, will fully fund ongoing returns to shareholders and the development of the Reford SAGD project. The execution of the Reford project expected to be fully commissioned in late 2025, will provide Cardinal with the flexibility to revisit its framework for both shareholder returns and future capital spending budgets.