Cardinal Energy Ltd. is pleased to announce that the Toronto Stock Exchange has accepted the notice of Cardinal's intention to renew its normal course issuer bid . As at June 27, 2023, Cardinal had previously purchased an aggregate of 3,724,156 Common Shares on the open market on the TSX and/or alternative Canadian trading systems at a volume weighted average price per share of $7.05 under a normal course issuer bid that [...]
Cardinal Energy Ltd. confirms that our June dividend of $0.06 per common share will be paid on July 14, 2023 to shareholders of record on June 30, 2023. 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. Cardinal has released our 2022 Environmental, Social and Governance Report today, which outlines our [...]
Cardinal Energy Ltd. held its annual shareholders meeting today. A total of 52,335,561 votes representing 33.07% of the total votes entitled to vote at the Meeting, were voted in connection with the matters considered at the Meeting. Full results for all resolutions are set forth below. 1. Fixing number of Directors By ordinary resolution passed via ballot, the number of directors to be elected at the Meeting was fixed [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the first quarter ended March 31, 2023. 2023 Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling results across our asset base; Adjusted funds flow was $52.3 million which was allocated to capital expenditures of $25.3 million and dividends of $28.7 million; Cardinal's net [...]
Cardinal Energy Ltd. confirms that our May dividend of $0.06 per common share will be paid on June 15, 2023 to shareholders of record on May 31, 2023. 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 works to continually improve its Environmental, Social and [...]
Cardinal Energy Ltd. confirms that our April dividend of $0.06 per common share will be paid on May 15, 2023 to shareholders of record on April 28, 2023. 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 works to continually improve its Environmental, Social and [...]
Cardinal Energy Ltd. confirms that our March dividend of $0.06 per common share will be paid on April 14, 2023 to shareholders of record on March 31, 2023. 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 works to continually improve its Environmental, Social and [...]
Cardinal Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2022. 2022 Reduced net debt by $115.5 million in 2022, a 65% reduction over year-end 2021 which reduces corporate risk and increases Cardinal's sustainability; Reinstated our monthly dividend in 2022 and subsequently increased it to $0.06 per share per month in the fourth quarter providing [...]
Cardinal Energy Ltd. is pleased to present the results of its independent reserve report effective December 31, 2022. One hundred percent of Cardinal's year-end 2022 reserves were evaluated by independent reserves evaluator GLJ Ltd. with an effective date of December 31, 2022 . The 2022 financial information in this news release is unaudited and accordingly, such financial information is subject to change based on the [...]
Cardinal Energy Ltd. confirms that our February dividend of $0.06 per common share will be paid on March 15, 2023 to shareholders of record on February 28, 2023. 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 works to continually improve its Environmental, Social [...]
Cardinal Energy Ltd. confirms that our January dividend of $0.06 per common share will be paid on February 15, 2023 to shareholders of record on January 31, 2023. 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 works to continually improve its Environmental, Social [...]
Cardinal Energy Ltd. confirms that our December dividend of $0.06 per common share will be paid on January 16, 2023 to shareholders of record on December 30, 2022. 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 works to continually improve its Environmental [...]
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