Impact: Slightly Positive as the increased facility and related borrowing base gives the Company further capacity to execute on its acquisitive growth strategy at a low point in the crude oil price cycle. Cardinal announced that, following a normal course review, its credit facility has been increased to $150 mm from $125 mm previously. The related borrowing base attached to the credit facility has also increased, moving to $300 mm from $220 mm. At its discretion, Cardinal can request an increas ....
16 Jul 2015
CARDINAL ENERGY LTD. (CJ) ANNOUNCES $25 MM INCREASE TO CREDIT FACILITY
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CARDINAL ENERGY LTD. (CJ) ANNOUNCES $25 MM INCREASE TO CREDIT FACILITY
Cardinal Energy Ltd. (CJ:TSE) | 0 0 (-2.2%) | Mkt Cap: 471.3m
- Published:
16 Jul 2015 -
Author:
Cody R. Kwong -
Pages:
2
Impact: Slightly Positive as the increased facility and related borrowing base gives the Company further capacity to execute on its acquisitive growth strategy at a low point in the crude oil price cycle. Cardinal announced that, following a normal course review, its credit facility has been increased to $150 mm from $125 mm previously. The related borrowing base attached to the credit facility has also increased, moving to $300 mm from $220 mm. At its discretion, Cardinal can request an increas ....