Cardinal Energy Ltd. is pleased to announce that its Board of Directors has approved a base operating budget for 2019 that will focus on a sustainable dividend, long-term operating cost reduction initiatives, debt repayment and maintaining our production volumes at 2018 levels. Highlights of 2019 Budget Operating cost reduction initiatives targeting an 8% reduction in operating costs within 2019; Forecasting debt [...]
Cardinal Energy Ltd. confirms that a dividend of $0.01 per common share will be paid on March 15, 2019 to shareholders of record on February 28, 2019. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Group, Inc – UPDATE Cardinal Energy appointed a new management team on August 1, 2017, under whose direction the Company is working diligently to bring the company back to full reporting status and plans to release an audited financial statement for December 31, 2016 to be included in a Form 10-K. The 2016 Form 10-K is the first step in preparing delinquent filings required by the Securities and [...]
Cardinal Energy Ltd. confirms that a dividend of $0.01 per common share will be paid on February 15, 2019 to shareholders of record on January 31, 2019. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Ltd. is pleased to announce that the Toronto Stock Exchange has accepted the notice of Cardinal's intention to commence a normal course issuer bid . The NCIB allows the Company to purchase up to $5 million aggregate principal amount of its 5.50% convertible unsecured subordinated debentures , in each case, over a period of twelve months commencing on December 19, 2018. The NCIB will expire no later than [...]
Cardinal Energy Ltd. Volatility in Canadian oil price differentials, coupled with the recent decline in world oil prices have caused Cardinal to re-evaluate the current level of its dividend. During the fourth quarter, Canadian oil producers have received embarrassingly low prices due to lack of pipeline egress. Industry is looking to truck and rail solutions to move oil to market instead of transporting it through the [...]
Cardinal Energy Ltd. confirms that a dividend of $0.035 per common share will be paid on December 17, 2018 to shareholders of record on November 30, 2018. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Group, Inc recently became aware of a press release issued by a James Monroe Capital Corporation that claims that the Company entered into a Memorandum of Understanding to merge the companies. The Company emphatically denies any claim that a Memorandum of Understanding has been entered into between Monroe Corporation and the Company. In fact, no authorized person acting on behalf of the Company has ever [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the quarter ended September 30, 2018. The Company's unaudited financial statements and management's discussion and analysis for the quarter ended September 30, 2018, will be available on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on Cardinal's website at www.cardinalenergy.ca. Highlights from the third [...]
Cardinal Energy Ltd. confirms that a dividend of $0.035 per common share will be paid on November 15, 2018 to shareholders of record on October 31, 2018. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Ltd. confirms that a dividend of $0.035 per common share will be paid on October 15, 2018 to shareholders of record on September 28, 2018. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused company built to provide [...]
Cardinal Energy Ltd. confirms that a dividend of $0.035 per common share will be paid on September 17, 2018 to shareholders of record on August 31, 2018. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused company built to provide [...]
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