Impact: Neutral. Cardinal's 4Q15e production was in line with expectations while cash flow was behind on lower than anticipated realized pricing in a quarter where it began integrating the Mitsue acquisition. Reserve additions performance was strong with 20%+ per share growth in all key categories (PDP,1P,2P).
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:
2
Impact: Neutral. Cardinal's 4Q15e production was in line with expectations while cash flow was behind on lower than anticipated realized pricing in a quarter where it began integrating the Mitsue acquisition. Reserve additions performance was strong with 20%+ per share growth in all key categories (PDP,1P,2P).