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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 six months ended 30 June 2020, Cardinal Energy Ltd (Alberta) revenues decreased 52% to C$81.8M. Net loss increased from C$19.6M to C$478.5M. Revenues reflect Natural Gas Production, Total decrease of 14% to 2.51B cubic feet, Oil Equivalent Production (Units/day), T decrease of 9% to 19K barrels per day, Petroleum and natural gas revenue decrease of 52% to C$95.2M, Processing and other revenue decrease of 26% to C$1M.
Employees: 177 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $236.46M as of Jun 30, 2020
EBITDA (TTM): $69.16M as of Jun 30, 2020
Net annual income (TTM): -$493.23M as of Jun 30, 2020
Free cash flow (TTM): -$5.58M as of Jun 30, 2020
Net Debt Last Fiscal Year: $266.11M as of Jun 30, 2020
Shares outstanding: 114,575,829 as of Jul 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization