Q: My current yield on this is 19 percent which is hard to replace. My concern is that they can’t afford to pay the dividend and are using debt to make up the shortfall. Is there a possibility of a dividend cut here and at what price oil price should it be safe ? How does the debt look ?
5i Research Answer:
CJ has a minimal amount of debt ($74M) and generated $264M in operating cash flow in the last 12...