Cardinal Energy Ltd (Alberta) T.CJ

CJ about to unveil a double digit yield

[Rational43]

Meanwhile, BTE is going to get hammered with massive MTM losses when it report Q1.  May be a buying opportunity after it gets smacked, as the market will not expect to see an oil producer with GAAP LOSS on income statement at these prices.  

Unhedged, and ready to start paying massive cash flow to investors is the way to play earnings. 

OBE, IPO and IPCO should all do well reporting as well.  

Look out for massive hedging losses from some well known names, market's always panic in the short term when they don't understand the losses.

[masfortuna]

Bte will do very well...

[Binkie]

I'm somewhat skeptical about the double digit dividend. They have removed some dividend scenarios from the website. I think it will be excellent but slightly under 10%. Guess we will know next month but I certainly won't pout if it's ONLY 9%. It would be the best dividend yield in my portfolio. 

[Konaboy]

Methinks some of the counters have gotten ahead of themselves due to the forward month settlement thing.  WTI only averaged $80 in Q1 (recall the big dip in early-mid December). It was not until March that prices really spiked, with April (Q2) as the settlement month. My interpretation is that CJ had a front end cost heavy investment year, several completions happening in Jan, and more work

[TheWokeLemming]

WTI averaged about $82 December to end of February.  Over $108 for March. 

[Malherbe]

No, unfortunately the average is about $80 for Q1.  Q2 will be the blow out quarter. 

[TheWokeLemming]

  https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RWTC&f=M

[Konaboy]

<> Check out the BTE board, user BayStreetWolf, he and his posse calculate these things in great detail.  While they are laser focussed on BTE, the tracking of exact WTI pricing and settlement dates, etc. applies across the board.

[Rileym7833]

Agreed Q2 stomps Q1. Ultimately I'm thinking second debt target and dividend boost by the end of the year. Q2-4 doing some heavy debt repayment. The consensus seems to be that we are below 100m debt and the prevailing oil price is >100. It's hard to know what management will do with the dividend. I'm betting $0.07/month. The bottom line is that we are shareholders of huge cash flow

[Binkie]

And we're all about the bottom line! 

[masfortuna]

What? The average is $93.45 for Q1. Check your numbers.

[Stavkot]

It depends on what you're looking at. In terms of cash flow you have to consider the settle dates, not just the closing prices of the futures contract. That's why you calculate $93 and he says $80 for WTI.

[Malherbe]

Agree 100%

[Pottsy]

dream on pal, this thing is going no where, double digit divi not going to happen

[masfortuna]

Ok thx.