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 and gas company. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include Midale, South area, Central area and North area. Its 77% operated Midale area is located near Weyburn Saskatchewan. It has over 730 million original oil in place (OOIP) and its low decline production of 3,100 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South producing area is located in southern Alberta and produces medium quality oil and includes Duchess, Alderson, Bantry, Tide Lake and Jenner properties. Central producing area is located in East Central Alberta, and includes Viking Kinsella, Killam, Forestburg, Wainwright, Chauvin and Hayter properties. Its North area includes Grande Prairie, House Mountain, Mica and Mitsue properties. |
Financial Overview |
For the six months ended 30 June 2022, Cardinal Energy Ltd (Alberta) revenues increased from C$159.9M to C$325M. Net income totaled C$155.8M vs. loss of C$16.9M. Revenues reflect Crude oil segment increase from C$170.6M to C$377.4M, Natural Gas Production, Total increase of 7% to 2.7B cubic feet, Oil Equivalent Production (Units/day), T increase of 18% to 21K barrels per day. |
Employees: | 159 as of Dec 31, 2021 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $537.93M as of Jun 30, 2022 |
EBITDA (TTM): | $321.95M as of Jun 30, 2022 |
Net annual income (TTM): | $457.11M as of Jun 30, 2022 |
Free cash flow (TTM): | $162.74M as of Jun 30, 2022 |
Net Debt Last Fiscal Year: | $69.46M as of Jun 30, 2022 |
Shares outstanding: | 162,000,458 as of Jul 8, 2022 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |