Impact: Positive. Cardinal reported 3Q15 cash flow that came in materially above both our forecast and consensus as a result of stronger than expected realized prices and lower cash costs. Operationally, IP30 results from two wells drilled at Bantry in 3Q15 are trending well ahead of our type curve estimate.
03 Nov 2015
CARDINAL ENERGY LTD. (CJ) ANNOUNCES 3Q15 RESULTS
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CARDINAL ENERGY LTD. (CJ) ANNOUNCES 3Q15 RESULTS
Cardinal Energy Ltd. (CJ:TSE) | 0 0 (-2.2%) | Mkt Cap: 471.3m
- Published:
03 Nov 2015 -
Author:
Cody R. Kwong -
Pages:
3
Impact: Positive. Cardinal reported 3Q15 cash flow that came in materially above both our forecast and consensus as a result of stronger than expected realized prices and lower cash costs. Operationally, IP30 results from two wells drilled at Bantry in 3Q15 are trending well ahead of our type curve estimate.