Post by
MrICE on May 02, 2022 6:34pm
MEG vs CJ
MEG just posted Phenomenal numbers. I Applaud their companies assets and management. Here's the problem "still no Dividend " probably not till this time next year. Yes they are paying down debt as well as buy backs but fore whatever reason the generalist probably won't take their share prices up very much. They the generalist wants cash now. They hold for long term and share appreciation is not what they are looking for. Times have changed I think. Hopefully I'm wrong but that's why I'm invested into Cardinal. A fair size holding too.
My thought is if all Canadian oil stocks share prices are not being appreciated for their value YET why don't I get a bit of the free cash flow now while I wait.
Here's where Cardinal has an opportunity. A dividend will spark the investors up Considerably especially if it's not just a token one. 5,6,or 7 cents would make me stay as well as invoke others to buy and hold while we all wait. if oil stays at $100 we get more payout . If it goes higher we get more payout as well as some share appreciation.
I Purposely didn't post my thoughts on Meg's board or Twitter as maybe I am wrong and didn't want to be a downer for them.
Not my style. Looking forward to May 12 fingers crossed management gets it too
Comment by
1rhapsodyoilfan on May 02, 2022 7:01pm
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Comment by
1rhapsodyoilfan on May 02, 2022 7:15pm
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Comment by
MrICE on May 02, 2022 9:18pm
It's possible it a value trap but also in my thinking with management at 8% Nuttall @ 9+% and Murray Edwards 9+% ownership. They can direct any BS