Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Debs convert to common
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(10)
•••
Comment by BobTheKnob2on May 22, 2020 4:19am
81 Views
Post# 31059586

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Debs convert to common

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Debs convert to commonWell actually they do have an NCIB in place. This is copied from the Cardinal Energy 1Q Financial Statements, Note 6.

The normal course issuer bid (“NCIB”) previously announced in 2018 was renewed on December 18, 2019 with an  expiry of December 18, 2020. In the renewed NCIB, the Company can purchase up to $4.5 million aggregate principal  with a daily purchase limit of $10,000 aggregate principal amount of convertible debenture. All other terms are the  same.     For the three months ended March 31, 2020, the Company repurchased and cancelled convertible debentures of  $69,000 allowed under the 2019 NCIB at an average rate of 42.442 for a gain of $40,000. 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities