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Cardinal Energy Ltd (CJ.TO)

CJ.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cardinal Energy Says Will Temporarily Reduce Monthly Dividend To $0.01/Month ($0.12/Year) Commencing With Dec 2018 Dividend Payable On January 15, 2019
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY- WILL TEMPORARILY REDUCE ITS MONTHLY DIVIDEND TO $0.01/MONTH ($0.12/YEAR) COMMENCING WITH DEC 2018 DIVIDEND PAYABLE ON JANUARY 15, 2019.CARDINAL ENERGY LTD - JANUARY PRODUCTION IS CURRENTLY FORECASTED TO AVERAGE APPROXIMATELY 20,100 TO 20,400 BOE/D.CARDINAL ENERGY LTD - EXPECT TO BRING BACK MAJORITY OF SHUT IN PRODUCTION IN JANUARY 2019.  Full Article

Cardinal Energy Reports Q3 Petroleum And Natural Gas Revenue Of $113.55 Mln
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Cardinal Energy Ltd ::ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 REVENUE ROSE 32 PERCENT.ADJUSTED FUNDS FLOW PER SHARE INCREASED 14% TO $0.24 PER SHARE IN THE THIRD QUARTER OF 2018.QTRLY PETROLEUM AND NATURAL GAS REVENUE $113.55 MILLION VERSUS $86.02 MILLION.CARDINAL ENERGY - CO IS REDUCING WORKOVERS AND NON-ESSENTIAL SERVICES TO REDUCE OPERATING COSTS AND ARE ASSESSING AND REDUCING DISCRETIONARY CAPITAL SPENDING IN QUARTER.  Full Article

Cardinal Energy Qtrly Loss Per Share $0.12
Friday, 11 May 2018 

May 10 (Reuters) - Cardinal Energy Ltd ::ANNOUNCES FIRST QUARTER 2018 RESULTS.QTRLY LOSS PER SHARE $0.12.QTRLY PETROLEUM AND NATURAL GAS REVENUE $94.779 MILLION VERSUS $62.574 MILLION.QTRLY ADJUSTED FUNDS FLOW PER SHARE $0.23.  Full Article

Cardinal Energy Announces Retirement Of CFO​ Doug Smith
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Cardinal Energy Ltd ::SAYS‍ SHAWN VAN SPANKEREN WILL BE JOINING CO AS CHIEF FINANCIAL OFFICER EFFECTIVE JANUARY 15, 2018​.SAYS ‍ANNOUNCES RETIREMENT OF DOUG SMITH, CFO​.  Full Article

Cardinal Energy Says Production Is Expected To Average 21,000 To 21,500 Boe/D For 2018
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY - PRODUCTION IS EXPECTED TO AVERAGE 21,000 TO 21,500 BOE/D FOR 2018.CARDINAL ENERGY LTD - PRODUCTION GROWTH IS EXPECTED TO OCCUR IN Q4 OF 2018.CARDINAL ENERGY LTD - 2018 CAPITAL BUDGET IS EXPECTED TO PRODUCE PRE-HEDGING ADJUSTED FUNDS FLOW OF $132 MILLION.CARDINAL ENERGY LTD - ‍AFTER ACCOUNTING CO'S CURRENT COMMODITY HEDGING EXPOSURE, ADJUSTED FUNDS FLOW IS EXPECTED TO BE ABOUT $125 MILLION​ IN 2018.CARDINAL ENERGY - ‍ALL ACQUISITIONS DONE IN 2018 TO BE FUNDED WITH EXCESS OPERATING ADJUSTED FUNDS FLOW, CO WILL NOT INCUR ADDITIONAL DEBT FOR ACQUISITIONS​.CARDINAL ENERGY LTD - ‍PRODUCT MIX (87% OIL/13% NATURAL GAS) IS EXPECTED TO BE 50/50 LIGHT OIL VERSUS MEDIUM OIL AT YEAR END 2018​.CARDINAL ENERGY LTD - EXPECTS TO FINALIZE ADDITIONAL ROYALTY AND FEE TITLE ASSET SALES IN Q1 2018.CARDINAL ENERGY LTD - ‍EXPECTS TO FINALIZE ADDITIONAL ROYALTY AND FEE TITLE ASSET SALES IN Q1 2018​.  Full Article

CARDINAL ENERGY ANNOUNCES DEPARTURE OF PRESIDENT SHANE PEET
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY LTD. ANNOUNCES MANAGEMENT CHANGES.CARDINAL ENERGY LTD - ‍DEPARTURE OF SHANE PEET PRESIDENT OF CARDINAL EFFECTIVE IMMEDIATELY​.CARDINAL ENERGY LTD - ‍SCOTT RATUSHNY, CARDINAL'S CEO WILL RESUME TITLE OF PRESIDENT​.  Full Article

Cardinal Energy Ltd. announces third quarter 2017 results
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Cardinal Energy Ltd :Cardinal Energy Ltd. announces third quarter 2017 results.Cardinal Energy Ltd-qtrly ‍shr $0.21​.Cardinal Energy Ltd says ‍average production of 21,463 boe/d for Q3 of 2017​.  Full Article

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Bankrupt oil firms must clean up inactive wells: Canada court

OTTAWA/WINNIPEG Canada’s Supreme Court ruled on Thursday that bankrupt oil companies must clean up inactive wells, overturning lower court decisions that prioritized paying creditors and potentially raising the risks of investment in the industry.