Cardinal Energy Ltd. (T:CJ)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 600-400 3 Ave SW CALGARY AB T2P 4H2 |
| Tel: | N/A |
| Website: | https://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 the Midale, South District, Central District, and North District. Its Midale operating area is located near Weyburn Saskatchewan. It has over 730 million original oil in place (OOIP) and its low decline production of approximately 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 District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District producing area is located in East Central Alberta and includes Venturion properties. Its North area includes Grande Prairie, Nipisi Clearwater, House Mountain, Mica and Mitsue properties. |
| Financial Overview |
| For the six months ended 30 June 2023, Cardinal Energy Ltd (Alberta) revenues decreased 31% to C$223M. Net income decreased 72% to C$44M. Revenues reflect Crude oil segment decrease of 32% to C$258M, Oil Equivalent Production (Units/day), T remaining flat at 21K barrels per day. Net income also reflects Average Production Costs per unit, Total increase of 5% to C$25.55 per barrel, Operating increase of 6% to C$99.1M (expense). |
| Employees: | 166 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $490.61M as of Jun 30, 2023 |
| EBITDA (TTM): | $242.88M as of Jun 30, 2023 |
| Net annual income (TTM): | $190.90M as of Jun 30, 2023 |
| Free cash flow (TTM): | $70.02M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | $57.45M as of Jun 30, 2023 |
| Shares outstanding: | 158,513,052 as of Jun 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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