Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Cardinal Energy ( (TSE:CJ) ) has shared an update.
Cardinal Energy Ltd. has announced its 2025 budget, highlighting plans to generate $217 million in adjusted funds flow at US$70 WTI. The company aims to achieve an average production of 21,300 to 21,700 boe/d, with a significant increase expected as the Reford project contributes in the fourth quarter. The budget includes a $71 million conventional capital budget and a $120 million thermal oil budget, with a focus on completing the Reford SAGD project and de-risking another thermal project at Kelfield. Cardinal plans to maintain its dividend at $0.06 per share per month and forecasts substantial free cash flow to support its financial commitments. The Reford project is progressing on schedule, with first steam expected in the third quarter of 2025 and full production by the first quarter of 2026.
More about Cardinal Energy
Cardinal Energy Ltd. operates in the energy sector, primarily focusing on oil and gas production. The company’s core activities include conventional and thermal oil extraction, with projects aimed at optimizing long-life asset bases and maintaining production volumes. Cardinal is actively engaged in the development of thermal projects like the Reford SAGD project, which reflects its commitment to enhancing production capabilities.
YTD Price Performance: 2.25%
Average Trading Volume: 683,200
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.09B
For a thorough assessment of CJ stock, go to TipRanks’ Stock Analysis page.
