Just in time for Hodgkinson to deal Kokopelli in the spring after a deep vertical at North Kokopelli is completed. Take a portion of the proceeds and drill the deep vertical at Roan Creek and we're on our way. Those events would totally transform this company.
You don't think JNJ drops back below $100 here in May? That brief bump in the $98+ range was as good as it gets from a pullback standpoint?
Sooner or later management will have to give this further consideration.
If they let this thing push up to $180-$190+, my sentiment is that it'll be a 3-for-1 stock split.
nourjianb, thank you very much for the insight.
We have been on and off again at or around the $100 mark for the last year. I think when we move past $100 a share for good and we're in the $115-$120+ range, perhaps more consideration will be given.
I think within the next year staples like JNJ, KMB, PEP and MMM could give more consideration to a split. I'm surprised MMM has gone this long without a split.
Thank you again for the firsthand report from the meeting.
The bluest of blue-chips. Never sold a share and never will. One of my top three - holy trinity - dividend stocks: JNJ, KO & PG. Never lost an ounce of sleep on these stocks.
Tremendous American stalwart company. First stock I bought my son.
Would like to see a $3.00 annual dividend and a split. The stock would pull back slightly after the split which would prompt me to back the truck up later this summer.
Sucks for dividend income investors who couldn't care less about a quick price bump. Had a good stake built up in Heinz with a lot of compounded interest through the years and did not want to see it taken private.
Where does it end?
It's why I've not increased my stake in General Mills.
What are waiting on, $200?
It's long past time to split this thing. Give us a 2-for-1 or at least a 3-for-1 if it reaches $180.
auggiekicker1821, I think the scenario you describe is probably the most likely. That's roughly a $5 million well at North Kokopelli and Dejour will put down anywhere from $1.2-2 million for the well. This loan would certainly facilitate this. My preference would be to use the entire $2 million so that the company receives a 40% WI in the deep vertical.
I still expect the company to deal all of its working interest in South Kokpelli, North Kokopelli and Roan Creek in early-mid 2016 after a successful mancos - meaning three, total - has been drilled at each location.
Sentiment: Strong Buy
That would be extremely disappointing if indeed that were the dividend increase. That would represent merely a 5.7% hike and it would mark the second straight year of a 6% or lower dividend hike, which would be quite disappointing. I think at the least the company should raise its dividend to $0.75 per quarter or $3.00 annually, which would be just over the 7% mark. That would represent a very fair, reasonable hike. $3.00 a share would also be far lower than free cash flow per share and earnings per share, so again I think it would be a proportionate, reasonable hike.
.74 would be unacceptable IMO.