Cardinal Energy Ltd. (T:CJ)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 600-400 3 Ave SW CALGARY AB T2P 4H2 |
| Tel: | 1-403-7272021 |
| Website: | www.cardinalenergy.ca |
| IR: | See website |
| Key People | ||
| M. Scott Ratushny Chairman of the Board, Chief Executive Officer | Ken Younger Vice President - South | Shawn A. Van Spankeren Chief Financial Officer |
| Dale Orton Chief Operating Officer | Robert Ernest Law Wollmann Senior Vice President - Exploration | Laurence Luis Broos Vice President - Finance |
| Wes Heatherington Vice President - North | David Kelly Vice President - Saskatchewan | Jason Laforge Vice President - Central | Connie Shevkenek Vice President - Engineering |
| Business Overview |
| Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta. The Wainwright properties (including the Hayter asset) produce approximately 4,500 barrels of oil equivalent per day (Boe/d) of predominantly heavy crude oil and associated natural gas. Its Bantry property is located near the City of Brooks, Alberta. It produces medium crude oil, natural gas and natural gas liquids (NGLs). The Company produces approximately 4,400 boe/d at Bantry property. Its Slave Lake (Mitsue) property is located approximately 280 kilometers north of Edmonton, Alberta. The property produces approximately 3,600 boe/d (light crude oil and NGLs). Its Chauvin property is located approximately 70 kilometers east of Wainwright, Alberta. |
| Financial Overview |
| For the nine months ended 30 September 2019, Cardinal Energy Ltd (Alberta) revenues decreased 7% to C$249.4M. Net loss decreased 21% to C$19.2M. Revenues reflect Natural Gas Production, Total decrease of 6% to 4.31B cubic feet, Oil Equivalent Production (Units/day), T decrease of 3% to 20K barrels per day, Petroleum and natural gas revenue decrease of 8% to C$295.7M, Processing and other revenue decrease of 37% to C$2.1M. |
| Employees: | 180 as of Dec 31, 2018 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $304.30M as of Sep 30, 2019 |
| EBITDA (TTM): | $116.85M as of Sep 30, 2019 |
| Net annual income (TTM): | $65.51M as of Sep 30, 2019 |
| Free cash flow (TTM): | $14.28M as of Sep 30, 2019 |
| Net Debt Last Fiscal Year: | $242.85M as of Sep 30, 2019 |
| Shares outstanding: | 115,473,329 as of Jan 22, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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