Cardinal Energy Ltd (Alberta) T.CJ

Borrowing money to pay a dividend

[riski]

We have seen this story before from CJ. Questions for those who have fallen in love with the dividend:

- What happens to the share price when they cut it?

- Was anyone invested here in 2015?

- If you didn't own this now, would you buy it? 

Best of luck to all.

[JayBanks]

I've been here since 2018, went through the cut and suspension, thought it might die or get sold off... When the turn around happened I doubled and over tripled my initial investment and still adding, tho now it seems to be by way of options, just because I'm well overweight and I'm playing a risk reward game on the options. I agree that was a bad quarter, but I don't see it as

[riski]

I would agree that they are unlikely to cut the dividend until their backs are against the wall. They will borrow for a year to pay it before they would consider cutting and hope for a sudden drop in oil prices to scapegoat the move. 

[CountryBoy69]

You and l in the same boat ,Riski and l would bet a number of my previous losers parallel  yours.It took me me out of O and G for some time but recently l jumped back in with both feet. This hard earned money was bet on just two stocks CJ and GXE  and at least for now represents 30% of my portfolio , b!it unlike the bad old days in this sector , l learned my lesson and will not hold on