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Cardinal Energy Ltd (Alberta) (CJ.TO)

CJ.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cardinal Energy Qtrly Earnings Per Share $0.70
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Cardinal Energy Ltd ::. ANNOUNCES FOURTH QUARTER 2018 YEAR-END FINANCIAL RESULTS.QTRLY EARNINGS PER SHARE $0.70.QTRLY PETROLEUM AND NATURAL GAS REVENUE $59.1 MILLION VERSUS $97.6 MILLION.GOAL IN 2019 IS TO LIMIT THE ISSUANCE OF ANY ADDITIONAL DILUTIVE TREASURY SHARES.QTRLY TOTAL OPERATING AVERAGE DAILY PRODUCTION OF 20,365 BOE/D VERSUS 20,948 BOE/D.  Full Article

Cardinal Energy Ltd - Provides 2019 Guidance
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Cardinal Energy Ltd ::CARDINAL ENERGY LTD - 2019 BUDGET INCLUDES OPERATING COST REDUCTION INITIATIVES TARGETING AN 8% REDUCTION IN OPERATING COSTS WITHIN 2019.CARDINAL ENERGY LTD - 2019 BUDGET FORECASTING DEBT REPAYMENT OF 10% TO 15% OF TOTAL DEBT BY YEAR-END.CARDINAL ENERGY-LOW CORPORATE DECLINE RATE IN 2019 BUDGET ALLOWS CONSERVATIVE CAPITAL PROGRAM TO KEEP PRODUCTION LEVELS NOW CURTAILED BY ALBERTA GOVERNMENT.CARDINAL ENERGY LTD - DIVIDEND LEVEL TO BE RE-EVALUATED IN APRIL 2019.CARDINAL ENERGY LTD - CONFIRMS THAT IN 2019, IT HAS PURCHASED AND CANCELLED MAXIMUM ALLOWABLE OF 10% OF OUTSTANDING BALANCE OF DEBENTURES.CARDINAL ENERGY LTD - 2019 BASE BUDGET IS EXPECTED TO PRODUCE ADJUSTED FUNDS FLOW OF APPROXIMATELY $90 TO $100 MILLION.CARDINAL ENERGY - FORECASTING TO REDUCE OPERATING COSTS/BOE THROUGHOUT 2019 BY ABOUT 8% COMPARING Q1 TO Q4 2019 ESTIMATED OPERATING EXPENSES.  Full Article

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

CANADA STOCKS-TSX futures flat as investors await interest rate decision

March 6 Stock futures pointed to a flat opening for Canada's main stock index on Wednesday, ahead of the Bank of Canada's interest rate decision.