RE:RE:RE:RE:RE:RE:RE:Limited damage according to Iran?In Q2 they paid down some debt so its possible they are breaking even this quarter even at lower oil prices especially since production tends to increase later in the year as sustaining cap-ex is also lower having the bulk of it spent earlier in the season.
Regardless they have intentionally added to their credit facility in order to fund the dividend, cap-ex and SAGD until Reford commisions and increases production then allowing them to fund Kelford (if they decide to green light it) and fund sustaining cap-ex and the dividend while hopefully starting to reduce debt as SAGD ramps up.
We'll know for sure what they're paying out Nov 7.
GLTY and all
dorite wrote: How does CJ keep paying 6c at these or lower oil prices. I think they are paying out about 90% plus