Cardinal Energy Ltd (Alberta) T.CJ

Slick

[cre8value4me]

This in my opinion is a well oiled management machine (pardon the pun) I personaly think the quarter was amazing. I am not sure how the market will react as it seems people were looking for a direct return of capital in the form of a divy increasae or special dividend.
The market is ficle so who know's what the immediate reaction will be at the open but if you are long it will just be noise. All things being equal and rational we would get a bump up!
JMHO GLTA
Cheers

[Iluvyellowsnow]

The dividend was just introduced in July. If people were looking for an increase just one month after it was initiated they really need to give their heads a shake. However, Cardinal did state in their financials that once they get net debt down to $50 million in the 3rd quarter they would look at increasing the dividend. There was no mention by how much. Hopefully the market will be up tomorrow