Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
525.89M | 481.12M | 741.84M | 448.75M | 226.46M | 391.60M | Gross Profit |
228.96M | 265.00M | 489.37M | 290.17M | 126.13M | 233.76M | EBIT |
153.05M | 138.25M | 249.77M | 102.82M | -17.91M | 41.49M | EBITDA |
256.59M | 253.64M | 410.56M | 385.95M | -171.31M | 89.42M | Net Income Common Stockholders |
102.92M | 103.60M | 302.69M | 284.42M | -363.16M | -34.34M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
15.38M | 4.09M | -4.49M | -2.63M | -3.91M | -5.43M | Total Assets |
1.21B | 1.19B | 1.16B | 1.08B | 749.13M | 1.15B | Total Debt |
259.59M | 50.10M | 35.77M | 157.59M | 239.13M | 222.90M | Net Debt |
262.28M | 50.10M | 40.26M | 160.22M | 243.05M | 228.33M | Total Liabilities |
413.71M | 267.16M | 229.64M | 356.60M | 376.29M | 411.93M | Stockholders Equity |
792.62M | 920.69M | 925.37M | 719.23M | 372.85M | 737.90M |
Cash Flow | Free Cash Flow | ||||
130.20M | 125.83M | 216.61M | 68.72M | 12.02M | 54.07M | Operating Cash Flow |
263.77M | 230.26M | 337.26M | 125.12M | 43.52M | 119.98M | Investing Cash Flow |
-162.89M | -114.64M | -116.18M | -46.57M | -50.75M | -48.83M | Financing Cash Flow |
-100.88M | -115.63M | -221.08M | -78.55M | 7.22M | -71.15M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
74 Outperform | C$4.88B | 6.08 | 14.51% | 9.28% | 3.34% | -6.99% | |
72 Outperform | C$972.94M | 9.40 | 11.14% | 11.82% | 2.04% | -48.47% | |
70 Outperform | C$24.32B | 18.22 | 8.55% | 2.04% | -8.29% | -30.52% | |
70 Outperform | $15.13B | 13.57 | 14.67% | 2.87% | -9.83% | -27.76% | |
68 Neutral | C$2.27B | 9.95 | 5.99% | 3.26% | 22.71% | ― | |
62 Neutral | $1.73B | ― | -1.59% | 4.81% | -1.72% | 79.87% | |
57 Neutral | $8.36B | 5.47 | -5.51% | 7.41% | 0.15% | -68.69% |
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.
Cardinal Energy Ltd. announced a monthly dividend of $0.06 per common share, payable on February 18, 2025, to shareholders recorded by January 31, 2025. The cash dividend is recognized as an ‘eligible dividend’ for Canadian tax purposes, reflecting Cardinal’s commitment to providing returns to its shareholders while advancing its operational projects.
Cardinal Energy Ltd. has successfully closed a $60 million bought deal offering, issuing senior subordinated unsecured debentures and common share purchase warrants. The proceeds will be used to reduce outstanding debt and fund future projects, including the Reford thermal project. The debentures and warrants are now trading on the Toronto Stock Exchange.
Cardinal Energy Ltd. has announced a $50 million bought deal offering involving senior subordinated unsecured debentures and common share purchase warrants. The proceeds will be used to repay debt, complete the Reford thermal project, and support future projects and corporate purposes. The offering is set to close around January 3, 2025, with the debentures bearing an annual interest rate of 7.75%.
Cardinal Energy Ltd. has successfully increased its credit facilities to $275 million, gaining additional financial support for its capital program. The enhanced liquidity will aid in advancing the company’s steam-assisted gravity drainage project in Reford, reflecting Cardinal’s strategic growth initiatives.
Cardinal Energy Ltd. has announced a monthly dividend of $0.06 per common share to be paid in January 2025, highlighting its commitment to shareholders. The company also stands out in the Western Canadian oil sector with its low decline asset base and a new thermal SAGD oil development project, which promises long-term sustainability.
Cardinal Energy reported strong financial performance for the third quarter of 2024, with adjusted funds flow of $65.7 million supporting its active drilling and development programs. Despite planned and unplanned facility turnarounds, the company anticipates increasing production in the fourth quarter.