Cardinal Energy Ltd. Cardinal Energy Ltd. (Cardinal or the Company) is an oil focused Canadian company built to provide investors with Growth and a Sustainable dividend. Trading Symbol: TSX: CJ Shares Outstanding: 56,819,3011)…
Conservative Balance Sheet Corporate goal to always maintain a ratio of less than 1.0 x net debt to cash flow from operations Provides flexibility to acquire additional assets on an accretive basis Will use balance sheet as required…
Net Debt to Cash Flow Ratio(1) Source: National Bank (run under US 50 WTI) 1. Net debt to Cash flow from operations 5 5
Hedging Strategy Cardinal currently has the following crude oil hedges: 6 6
Cardinal Assets Solid Base of Oil Production from 2 Core Areas Wainwright Approximately 5,400 BOE/d production forecast for Q4 2014 Bantry Approximately 5,400 BOE/d production forecast for Q4 2014 Both areas have extensive…
Production Growth 10,821 Forecast 8
Sustainable Sensitivities Cardinals financial prudence is reflected in its robust total payout ratio Total Payout Ratio Sensitivities (1) WTI (US/bbl) 50 60 70 80 90 76% 60% 50% 43% 37% 1. Maintain flat production profile;…
Corporate Information Corporate Headquarters: 600, 400 3rd Avenue S.W. Calgary, AB T2P 4H2 Auditors: KPMG LLP Legal: Burnet Duckworth & Palmer LLP Reserves: Sproule Associates Limited Contacts: Scott Ratushny Email:…
Advisory Non-GAAP Measures Throughout this presentation the Company uses the terms cash flow from operations, net debt and total payout ratio. These terms do not have a standardized prescribed meaning under GAAP and these measurements…
Loading...
