Post by
loopsbutterfly on Dec 12, 2024 7:24pm
credit line increase for the second time
very strange....
200 milion from 155 million then now 275 million from 200 million
lol.... total payout was very high last quarter for a reason
sagd looks to be very costly.....
Comment by
caretired1 on Dec 12, 2024 8:18pm
always take credit when its available, whether you need it or not
Comment by
loopsbutterfly on Dec 12, 2024 8:30pm
It is not my main concern.....the company asked for more credit for a reason....
Comment by
caretired1 on Dec 13, 2024 8:39am
Well ya oil price has averaged below plan so they may need more credit to complete their plan in 25
Comment by
rockman999 on Dec 13, 2024 9:08am
I agree. At the present oil price it looks like they would be approx. $60M short of funds to complete the SAGD. So they either had to cut the dividend or source more funds. The increased credit line looks like it makes the dividend safe for now, unless the price of oil drops further or SAGD costs increase.
Comment by
caretired1 on Dec 13, 2024 9:37am
SAGD has less than a 2 year payback in 26 27 so the debt increase is irrelevant here
Comment by
pkrash on Dec 13, 2024 1:26pm
I would agree. This allows the project to be completed without raising funds from elsewhere. Divi safe. Tax loss selling about to be over. Get more shares on sale while you can.
Comment by
JohnBP1 on Dec 15, 2024 5:20pm
Buddy, never say Divi safe, look at the history, CJ will go into survival mode if they have to. I know they have a large supporter but means nothing when things change....
Comment by
pmdanti2 on Dec 16, 2024 6:59am
Does this mean you are in bear mode now? So sincere. Like a fella in a bar after a night of indulging. This will all come down to whether this IEA hyped oil surplus is going to show up in the new year. We will see soon enough.
Comment by
pkrash on Dec 16, 2024 12:23pm
You would be wrong. The divi is very safe under the current conditions. You and others can keep questioning and bashing....while I got paid again this month.
Comment by
JohnBP1 on Dec 13, 2024 10:07am
This is not good, I'm surprised the lender did not demand a dividend reduction to reduce the additional loan amount. CJ has committed dividend out to January, bit worried about February on unless oil jumps.
Comment by
caretired1 on Dec 13, 2024 12:05pm
Murray is not cutting the divvy for any of this.