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Cardinal Energy Ltd. (T:CJ)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 600-400 3 Ave SW
Tel: N/A
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