Cardinal’s 4Q15e production was in line with expectations while cash flow was behind on lower than anticipated realized pricing in a quarter where the Mitsue acquisition was being integrated. Reserve additions performance was strong with 20%+ per share growth in all key categories (PDP, 1P, 2P) while maintaining one of the most conservative reserve books in our domestic E&P universe. FD&A costs were also stout at $9.54/boe 2P, $11.99/boe 1P and $12.12/boe PDP. The Company added 42 new sections t ....
16 Mar 2016
Posts 2015 Year-End Results
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Posts 2015 Year-End Results
Cardinal Energy Ltd. (CJ:TSE) | 0 0 (-2.2%) | Mkt Cap: 471.3m
- Published:
16 Mar 2016 -
Author:
Cody R. Kwong -
Pages:
12
Cardinal’s 4Q15e production was in line with expectations while cash flow was behind on lower than anticipated realized pricing in a quarter where the Mitsue acquisition was being integrated. Reserve additions performance was strong with 20%+ per share growth in all key categories (PDP, 1P, 2P) while maintaining one of the most conservative reserve books in our domestic E&P universe. FD&A costs were also stout at $9.54/boe 2P, $11.99/boe 1P and $12.12/boe PDP. The Company added 42 new sections t ....