Cardinal Energy Ltd (Alberta) T.CJ

The dividend watch is on - there is going to be a repricing

[Rational43]

Next Quarter when Cardinal talks about how close they are to $100M net debt, and the market realizes the size of dividend coming their way, this one will get repriced quickly.  
Can't imagine the market lets it be a dividend yield > 10%, which implies at least a $6 target price, while still paying down debt with 50% of FCF.

[ronz]

I have been a big fan of the divi coming back, the company needs to get this going asap. Shareholders have been more than patient.

[Kontrary]

As a long-ttime shareholder,, I'm ready to be patient for a few more quarters. A year and a half ago, bank debt almost allowed the banks to force CJ into bankruptcy  That would have voided my entire investment. Keeping those bank loans in place keeps tthe same risks in place  if the  price of Oil drops.. At  this point I  would rather see the company get the banks out