Cardinal Energy Ltd. is pleased to announce that it has completed its previously announced offering of units of Cardinal with a syndicate of underwriters led by CIBC Capital Markets and including ATB Securities Inc., RBC Capital Markets., BMO Capital Markets, Peters & Co. Limited, Canaccord Genuity Corp., iA Private Wealth Inc., Raymond James Ltd. and Haywood Securities Inc. In connection with the Offering, Cardinal [...]
TORONTO, Jan. 3, 2025 /CNW/ - The following issues have been halted by CIRO: Company: Cardinal Energy Ltd. TSX Symbol: CJ.DB All Issues: No Reason: Pending Closing Halt Time : 8:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
TORONTO, Jan. 3, 2025 /CNW/ - The following issues have been halted by CIRO: Company: Cardinal Energy Ltd. TSX Symbol: CJ.WT All Issues: No Reason: Pending Closing Halt Time : 8:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
Cardinal Energy Ltd. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 50,000 units of Cardinal for gross proceeds of approximately $50 million . Each Unit will comprise of one senior subordinated unsecured debenture due March 31, 2030 with a [...]
Cardinal Energy Ltd. announces it has entered into an agreement with its syndicate of lenders to redetermine and increase its credit facilities . The Facilities were increased to $275 million while the revolving period and maturity date remain the same at May 31, 2025 and May 31, 2026, respectively. Cardinal has received a reserve based lending commitment from a new lender, Trafigura. The increased liquidity will provide [...]
Cardinal Energy Ltd. confirms that our December dividend of $0.06 per common share will be paid on January 15, 2025 to shareholders of record on December 31, 2024. 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 Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. confirms that our November dividend of $0.06 per common share will be paid on December 16, 2024 to shareholders of record on November 29, 2024. 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 Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the third quarter ended September 30, 2024. 2024 Third quarter production of 21,128 boe/d was impacted by a planned Company operated plant turnaround and an unplanned third-party facility turnaround as well as the voluntary shut-in of natural gas production due to pricing; Adjusted funds flow of $65.7 million funded the Company's active [...]
Cardinal Energy Ltd. confirms that our October dividend of $0.06 per common share will be paid on November 15, 2024 to shareholders of record on October 31, 2024. 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 Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. confirms that our September dividend of $0.06 per common share will be paid on October 15, 2024 to shareholders of record on September 30, 2024. 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 Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. confirms that our August dividend of $0.06 per common share will be paid on September 16, 2024 to shareholders of record on August 30, 2024. 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 Canadian oil and natural gas company with [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the second quarter ended June 30, 2024. 2024 Average production volumes of 22,376 boe/d were 3% higher than the first quarter of 2024, despite shutting in 250 boe/d of subeconomic natural gas, as volumes from the Company's strong first quarter drilling program positively impacted the quarter; Adjusted funds flow increased 55% over the [...]