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: | N/A |
| 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 J. 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 six months ended 30 June 2021, CardinalEnergy Ltd (Alberta) revenues increased 95% to C$159.9M.Net loss decreased 96% to C$16.9M. Revenues reflect NaturalGas Production, Total increase of 1% to 2.53B cubic feet,Petroleum and natural gas revenue increase of 94% toC$184.7M, Processing and other revenue increase of 94% toC$1.9M. Lower net loss reflects Exploration and DevelopmentCosts, Total decrease of 29% to C$15.9M. |
| Employees: | 158 as of Dec 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $275.79M as of Jun 30, 2021 |
| EBITDA (TTM): | $120.03M as of Jun 30, 2021 |
| Net annual income (TTM): | $98.46M as of Jun 30, 2021 |
| Free cash flow (TTM): | $42.68M as of Jun 30, 2021 |
| Net Debt Last Fiscal Year: | $199.15M as of Jun 30, 2021 |
| Shares outstanding: | 151,378,458 as of Jul 22, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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