RE:RE:Does anyone
Dadsaid2 wrote: Here are a few things l think are holding CJ down. Company too small for big investors like Nuttal. The market seems worried that the dividend is too high and unsustainable and will be lowered..maybe soon or early next year. Even though Q2 earnings were pretty decent if not above average, Q3 will be a challenge given lower oil prices in Q3. Will debt increase in Q3 after paying the dividend (again bringing that concern up). $65 - 70 oil just too low for CJ to get ahead. Just my thoughts..GLTA
Size of the company is the main issue...
Why take a risk in little CJ when you can have VRN at 5.3% yield that's been growing over 20% per year for 3 years... or CNQ at 4.5% with payout increases fairly often or WCP at 7% with growth in the payout yearly or sooner... amongst others...
We are a retail investor's stock for dividend chasers... which is why someone with your name has an interest, a portfolio manager is more interested in size, safety and over all growth in the outlook..
We haven't made that much of an impact in the debt number lately, sure Q to Q you see a big move in reduction, be we also have the big ones that go up, overall we have been pretty flat on debt repayment for I think over a year... that's not attractive to many institutional or retail people.
You also need to stop watching day to day movements in commodity and share price trying to make a correlation, there are many reasons they won't connect often and none of us will know the exact reason to tell you on any given day...
You are in here on a thesis, stick to it or pull out and get into GICs, save stockhouse some money and don't use up all thier letter allocation on useless $hit like the macro political talkers are...
Also @Dadsaid on Dividend worries, this is from the last Quarterly, temporary $5-10 deviations won't alter the company plans...
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.