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Cardinal Energy Ltd (CJ.TO)

CJ.TO on Toronto Stock Exchange

3.27CAD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Cardinal Energy To Increase Monthly Dividend By 50 Pct To $0.015 Per Month
Friday, 12 Apr 2019 

April 12 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY LTD. ANNOUNCES BUDGET UPDATE AND INCREASE TO MONTHLY DIVIDEND.CARDINAL ENERGY LTD - TO INCREASE MONTHLY DIVIDEND BY 50% TO $0.015 PER MONTH ($0.18 PER YEAR).CARDINAL ENERGY LTD - FORECASTING AN INCREASE OF APPROXIMATELY 20% IN ADJUSTED FUNDS FLOW TO $110 TO $120 MILLION FOR 2019..CARDINAL ENERGY LTD - TARGETING $5 TO $10 MILLION OF ADDITIONAL DEBT REPAYMENT RESULTING IN A $30 TO $35 MILLION NET DEBT REDUCTION IN 2019.CARDINAL ENERGY LTD - EXPECT TO ASSESS DIVIDEND RATE AGAIN IN 2020.  Full Article

Cardinal Energy Ltd Reports Qtrly Share Loss Of $0.49
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Cardinal Energy Ltd ::. ANNOUNCES RESERVES AND FOURTH QUARTER AND 2017 YEAR-END RESULTS.QTRLY LOSS PER SHARE $0.49.QTRLY PETROLEUM AND NATURAL GAS REVENUE $97.6 MILLION VERSUS $58.7 MILLION YEAR AGO.  Full Article

Cardinal Energy Sells Royalty Interests, Provides Q1 Operational Update
Thursday, 1 Mar 2018 

Feb 28 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY LTD. ANNOUNCES THE SALE OF ROYALTY INTERESTS AND A Q1 OPERATIONAL UPDATE.CARDINAL ENERGY LTD - DEAL FOR $24 MILLION PLUS ADDITIONAL WORKING INTERESTS IN CERTAIN PRODUCING WELLS IN OUR WAINWRIGHT AREA.CARDINAL ENERGY - SIGNED THIRD PARTY DEAL TO SELL SOME FEE TITLE LANDS IN WEYBURN AREA OF SASKATCHEWAN, NEW GROSS OVERRIDING ROYALTY ON MITSUE GILWOOD UNIT.  Full Article

Cardinal Energy Announces Retirement Of CFO​ Doug Smith
Wednesday, 10 Jan 2018 

Jan 9 (Reuters) - Cardinal Energy Ltd ::SAYS‍ SHAWN VAN SPANKEREN WILL BE JOINING CO AS CHIEF FINANCIAL OFFICER EFFECTIVE JANUARY 15, 2018​.SAYS ‍ANNOUNCES RETIREMENT OF DOUG SMITH, CFO​.  Full Article

Cardinal Energy Says Production Is Expected To Average 21,000 To 21,500 Boe/D For 2018
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY - PRODUCTION IS EXPECTED TO AVERAGE 21,000 TO 21,500 BOE/D FOR 2018.CARDINAL ENERGY LTD - PRODUCTION GROWTH IS EXPECTED TO OCCUR IN Q4 OF 2018.CARDINAL ENERGY LTD - 2018 CAPITAL BUDGET IS EXPECTED TO PRODUCE PRE-HEDGING ADJUSTED FUNDS FLOW OF $132 MILLION.CARDINAL ENERGY LTD - ‍AFTER ACCOUNTING CO'S CURRENT COMMODITY HEDGING EXPOSURE, ADJUSTED FUNDS FLOW IS EXPECTED TO BE ABOUT $125 MILLION​ IN 2018.CARDINAL ENERGY - ‍ALL ACQUISITIONS DONE IN 2018 TO BE FUNDED WITH EXCESS OPERATING ADJUSTED FUNDS FLOW, CO WILL NOT INCUR ADDITIONAL DEBT FOR ACQUISITIONS​.CARDINAL ENERGY LTD - ‍PRODUCT MIX (87% OIL/13% NATURAL GAS) IS EXPECTED TO BE 50/50 LIGHT OIL VERSUS MEDIUM OIL AT YEAR END 2018​.CARDINAL ENERGY LTD - EXPECTS TO FINALIZE ADDITIONAL ROYALTY AND FEE TITLE ASSET SALES IN Q1 2018.CARDINAL ENERGY LTD - ‍EXPECTS TO FINALIZE ADDITIONAL ROYALTY AND FEE TITLE ASSET SALES IN Q1 2018​.  Full Article

CARDINAL ENERGY ANNOUNCES DEPARTURE OF PRESIDENT SHANE PEET
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY LTD. ANNOUNCES MANAGEMENT CHANGES.CARDINAL ENERGY LTD - ‍DEPARTURE OF SHANE PEET PRESIDENT OF CARDINAL EFFECTIVE IMMEDIATELY​.CARDINAL ENERGY LTD - ‍SCOTT RATUSHNY, CARDINAL'S CEO WILL RESUME TITLE OF PRESIDENT​.  Full Article

Cardinal Energy Ltd. announces third quarter 2017 results
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Cardinal Energy Ltd :Cardinal Energy Ltd. announces third quarter 2017 results.Cardinal Energy Ltd-qtrly ‍shr $0.21​.Cardinal Energy Ltd says ‍average production of 21,463 boe/d for Q3 of 2017​.  Full Article

Cardinal Energy closes Light Oil acquisition
Friday, 30 Jun 2017 

June 30 (Reuters) - Cardinal Energy Ltd ::Cardinal Energy Ltd announces closing of Light Oil acquisition.Cardinal does not expect to make any changes to its dividend per common share in 2017.Expects to use proceeds from these sales to reduce bank debt in Q3 and Q4 of 2017.Co's credit facilities were increased to $325 million, of which about $232 million is currently drawn after giving effect to acquisition.Total purchase price for acquisition, net of preliminary adjustments, was about $300 million, reduction of $20 million from original estimate.  Full Article

Cardinal Energy Q1 earnings per share $0.10
Friday, 5 May 2017 

May 4 (Reuters) - Cardinal Energy Ltd :Cardinal Energy Ltd announces first quarter 2017 results.Qtrly earnings per share $0.10.Production averaged 14,600 boe/d in Q4/16, 15,200 boe/d in Q1/17; currently producing approximately 17,000 boe/d.Qtrly petroleum and natural gas revenue $62.6 million versus $33.4 million.Q4 2017 is expected to have a reduced capital program.With drilling success in Mitsue, expect to increase drilling activity in this area in 2018.  Full Article