Cardinal Energy Ltd (Alberta) T.CJ

Dividend "Cut" BS....

[UltraTired]

Interesting that there are people trying to claim there is a dividend cut coming for Cardinal, sounds more like these people just want to drive the price down so that they can get this nice dividend for a cheaper price.

Cardinal just announced:

February 2024 Dividend

The Company is confirming that its February dividend of $0.06 per common share will be paid on March 15, 2024, to shareholders of record on February 29, 2024. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian 

income tax purposes.

[MrDales62]

at $78 a barrel, no cut to dividend. GLTA

[loopsbutterfly]

I have around 22% of my porfolio in to cj-common shares and it has been my second best investment this year.

[Quintessential1]

This post has been removed in accordance with Community Policy

[loopsbutterfly]

You are right and that's why I bought so many shares on weakness lately We have a strong supporters base and probably the day traders have been left in the field with the recent break out at $6,45

[loopsbutterfly]

I dont think we will see $6,28 again the sellers will have to buy back with a huge premium the bulls are in full control

[Quintessential1]

Or I can just hold my core and put that premium to work somewhere else. gracias grinDR GLTA

[loopsbutterfly]

Did you see 50 000 shares for sale at $6,86 ? (1 order)

[Quintessential1]

Nope I was too busy chasing that train leaving the station. With $80 WTI that order should have filled. Do you have any more shares left? gracias grinDR GLTA

[loopsbutterfly]

if you have $343 000 that's for you man

[Quintessential1]

How will you ever pay for your entertainment and your bills then?   I keep forgetting that I am actually on the train sitting closer to the front than you. Is it just me or is this train moving backwards? Good call on the $80 WTI BTW gracias grinDR GLTA

[loopsbutterfly]

if you act quickly you could be entitle to a $3 000 cash dividend directy to your accounnt on March 15

[loopsbutterfly]

sorry its too late...you need to be at the record late in February

[Quintessential1]

Oh I already got mine remember you paid for 20% of it after all right into my account. When the taxes are settled I'll clear more than you but that's ok you don't need more. I guess I will get a div on March 15 too.  That too gets taxed at a lesser rate than you so we'll just call that gravy shall we? If this train goes back any further I just may have to board again

[loopsbutterfly]

I can teach you a little bit more that's what I call a trading range just be ready for the next leg up

[Quintessential1]

I don't think you could teach a pig to oink. I think you are overestimating the trading range and haven't accounted for the fact that CJ is still in a downtrend and hasn't shown signs of a reversal yet. Until then....I'm good. gracias grinDR GLTA