Cardinal Energy Ltd (Alberta) T.CJ

WTI 90 day average $90+

[Re1ndeer2]

Taken from recent presentations...With CJ unhedged, our Netbacks($90-$37)= $53, Average production 20,500 bbls.....FCF for the Q1 53x20,500x91=.....aprox $98.9 million .........sounds optimistic

[masfortuna]

Nope.  Sounds correct. And so far WTI average for the quarter is $93.35. So we should break $100 million fcf.

[Stavkot]

Where can you find the $93.35 WTI average figure? Do you have a link you can share because sometimes I get curious and just tally up the closing numbers from oilprice.com

[masfortuna]

That's exactly what I do. I tally up the numbers at the close each day and divide by the days to get my amount.  It's not completely accurate as it does not take into account intraday fluctuations but $93 is about right TO THIS POINT. Mas

[odinburnz]

Assuming debt reduction has been met,would this be a monthly dividend of 11 cents?

[Konaboy]

So many ways to cut the cake ... but with $100M FCF in Q1, even with a front end loaded capital program they should hit the debt target. Even 7 cents a month gives a 10% divvy at this price level, and there is huge upside.  I would rather they wait til end of Q2 to launch the divvy, getting debt under $50M and the full capital plan funded, and then everything is completely bulletproof. This

[odinburnz]

A 6% divvy of .07 =$13.02 stock price!

[JayBanks]

  That's a nice thought, but I feel that the price is going to be rather detached from a tight yield expectation for a while as even at the best of times previously the price action was wild. Your calling a possible temporary top as most of the time previously at 1.5 cents and even 3.5 cents this was trading upper 6-9% which is a wide range of action. It's more likely this trades

[gmf1001]

I sure hope this comes to pass as we are all expecting.  Signifiant and growing dividends, zero or near zero debt, etc, but I'm increasingly concerned about two self-annointed black-faced sherrifs that are looming on the horizon.   I believe there is a growing threat that a significant portion of these profits could be taxed away in the spirit of wind-fall profits and a 'greener&

[Nakate]

The commies  have got a hold on the cookie jar for sure ,,, and what with Quebec handing out inflation causing checks and the rest thinking about it. we all going to want to move to russia lol