CE1 12.5% 0.9¢ calima energy limited

Ann: Company Update, page-98

  1. 4,777 Posts.
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    It makes no sense paying dividends if they have debt that requires hedging .
    They may need to manage drilling very carefully and let the production drift down to stay debt free and pay dividends at present or lower energy prices .
    If the energy prices drop much further then I would be OK with them cancelling the dividend but maybe the Market would not be so happy .

    The sale of the Montney is the end game for me .
 
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