Post by
tinkvid on Aug 16, 2024 10:19am
Cardinal Energy
The 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%