RE:Dividend
DivChase wrote: What price WTI does CJ need to average to maintain the dividend as is??
I believe it's announced as 'sub $55' where they run into danger, but that's also with stripped down capex as a lever... it will move towards 50 when SAGD comes online, but there is a bottom limit with efficiency that they can push that safety line, and they are pretty close to it...
And if things go well that general capex is reduced due to less expenses maintaining a net number of wells, and debt is paid down, they can increase the payout, but that will move that dividend safety number northward.
Its really not a great metric for those to use in thier investing thesis here due to its ability to be manipulated. Its really just a fun stat they throw out there.