Cardinal Energy Ltd (Alberta) T.CJ

Dividend

[Coolson]

When I told you that Cardinal should not increase dividend until the debt is paid off you have bashed me. Now price performance is poor and we are talking about sustainability of dividend. Money spend on dividend is empty money paid to the shareholders for the risk. But 9.4% risk premium is a litte bit high dont you think?

[Tradestay]

The debt is 0.2 cash flow. Bank debt is down from $142M to $42M and Q4 is yet to go. You make it sound like there is a debt problem and they have one of the best debt profile compared to peers. ARO liability very low ad well and aggressive budgeted for with room to lower if required even 2023 Capex is high to include a growth wedge of about 3%.  Then there is over 3M shares bought back to

[Gringotts]

Well said. I completely agree. 

[masfortuna]

Do the math and you will see that the divy is nowhere near in jeopardy.  This from their ER: -our sensitivity to a US$1 change in WTI is approximately $7 million in adjusted funds flow.