Cardinal EnergyThe company is more efficient each quarter on relatively flat production and paying down debt with growth initiatives.. Maybe Cenouvus Sniffing around or some other Pirahna.
Net debt(1) reduction - 25%
* Decreased net debt by 17% over the prior quarter to close the second quarter at $99.2 million leading to a net debt to adjusted funds flow ratio(1) of 0.4x. At the end of the second quarter, Cardinal was drawn 39% on its recently expanded $200 million credit facility
Cardinal realized oil prices increased 17%