Post by
Moremoney4u on Oct 24, 2022 9:19am
dividend more to follow
Increase in dividend, new year will bring another increase, OIL price dropping, is the dividend safe. OIL has to drop to 45 dollars to affect OUR DIVIDEND. New wells coming on stream, payback is 6 months, EPS, DEBT REDUCTION, buybacks, are making for a GREAT END TO THE YEAR. The new year has GREAT potential, target price of 12.50$$ should be realized. PRICE of oil hopefully stays in the 85.00 range. Economies will improve, sending oil back into the 100.00 range. WE wait and we get paid. NICE. Putting more OIL into the market by the BIDEN ADM. will bring price down , TEMPORARILY, they will have to replace it eventually, forcing prices to escalate. CJ has ALL the ingredients , its a winner. PATIENCE is required, hold and buy on dips, this QRT. AND the next will be amazing, the stock has been moving up in the last two weeks, GLTA .
Comment by
Sirlostalot on Oct 24, 2022 9:37am
Hello MM4U. ..Just wondering where you had heard of the dividend safe to 45 wti ? Last I had seen from CJ was safe until 55wti and declining slightly as debt is retired , that was at 5 cents a month however not 6..just wondering thanks
Comment by
JohnnyDoe on Oct 24, 2022 10:24am
communication i had with IR suggests they are targeting a dividend that is safe at 55 wti. I've not seen anything that suggests 45.