Cardinal Energy Ltd (Alberta) T.CJ

Nuttall

[Gringotts]

CJ dividend sustainable at $55 - $58 oil.  :)

[lashing]

you are totally misquoting him

[egee]

No misquoting here

[lashing]

totally misquoting and omiting all his qualifying ramble around dividend statement.

[egee]

Semantics 

[Billybabin61]

Question is at $55 oil do you still want to be in? 

[Quintessential1]

If it is still paying $.72 per year?  Probably. Also EN said he expects oil to go to $90-100 WTI and he is not the only one...what happens then? GLTA

[egee]

Divys remain any meaningful reduced/eliminate  periodic/1/4'ly dividends (that would be my wish) Question? Based on the amount of limited o/s shares would it be prudent to do buybacks? seems senior mgmt prefers insider purchases, since they own a lot now. Privatization - aquistion - sell company-  stay the course - 

[Quintessential1]

There's no money for buybacks nevermind buying them all back. Collect divy.  Debt reduction.  Increased production.  Acquisitions Management is buying in for the divy.  They increase that with higher production, They guarantee it with increased reserves through acquisitions. Higher prices are coming. Standard Chartered: Oil Prices Likely To Head Higher https

[egee]

My musing was IF OR WHEN surplus monies are available, what would managements direction be. I would prefer a combo of special and buyback

[t898an]

This post has been removed in accordance with Community Policy

[ramblersrest]

Divs are based on $45 > $50 WTI ...It is doubtful WTI would get that low as OPEC has the ability and policy to keep it higher ...If WTI goes over $90 we should expect CJ to revise the DIV based on a base WTI of $55>$60 ....Buy backs should also increase with higher WTI base ..