Post by
Rileym7833 on May 30, 2022 11:13pm
FCF Yield 35%
Management stated $337M FCF at $90WTI and a price sensitivity of $5.6M/$1WTI increase. $118WTI works out to 493M FCF on Cardinals 1.4B market cap. I'm certain the base dividend will grow to an extent. Any bets on what the rest of the cash will be going to? There will be no more debt to pay and management hasn't mentioned buybacks. I'm thinking lump sum special dividends because a very high base dividend would have to be cut if oil fell.
Comment by
7Twiggy on May 30, 2022 11:21pm
Hope your right. Dumped by Birchcliff for Cardinal today.
Comment by
TheWokeLemming on May 31, 2022 12:32am
I like the idea of a special dividend. Give me the money as share count is already very low compared to peers and so buybacks won't add much value. My opinion only.