Post by
CJInvestor on Nov 24, 2022 3:50pm
At what point would cj cut the Div to 5 cents?
Any guesses on the threshold that oil would have to stay at for a while for a div cut to be considered? I'm not talking about out and out cancelation. Just a reduction.
Comment by
vwbusman on Nov 24, 2022 5:49pm
just to add to that - no increases until debt is 100% gone
Comment by
CJInvestor on Nov 24, 2022 5:59pm
Makes sense. Constructive responses. Ah it's so peaceful today with American Thanksgiving. Obviously DD and rustic are our friends to the south. Explains some things lol
Comment by
Seahawk001 on Nov 24, 2022 9:53pm
Im wondering why oil n gas companies dont do divys on a monthly basis or would that be too much of a headache? Oils at a $100 the divy is .10....oils at $60 the divy is .04
Comment by
CJInvestor on Nov 25, 2022 7:52am
According to Cramer on CNBC, the mother of all oil opportunities is coming in December with a big drop in price so I assume there will definitely be one more big chance to get into CJ at bargain basement prices in the low 8s.
Comment by
Quintessential1 on Nov 25, 2022 9:17am
Good to know. Now was he referring to CJ itself or the the market or the O&G sector as a whole? I would love to snap up some X-mas shares. GLTY and all.
Comment by
CJInvestor on Nov 25, 2022 9:34am
He was referring to crude prices dropping to high 60s. I don't see it myself. I see max low of 73. But that would be enough to drop CJ to the low 8s I'm sure. Let's hope for WTI high 70s as worst case scenario.
Comment by
CJInvestor on Nov 25, 2022 11:04am
Yep I just read a yahoo article that the Div is only 13 percent of profits after tax which makes it super safe. Like other posters said if anything they will trip new projects before cutting the dividend. Unless oil goes to 60 and stays there. Then maybe a trimming of a cent. So we are good!
Comment by
JohnnyDoe on Nov 25, 2022 12:17pm
I read that article too. Don't believe everything you read on the internet. I think the average kid in grade 5 could have constructed a more accurate financial analysis
Comment by
odinburnz on Nov 26, 2022 6:41am
Great post Sclarda.... Nice to read facts for a change!
Comment by
yureja42 on Nov 27, 2022 1:37am
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yureja28 on Nov 25, 2022 12:45am
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