Cardinal has unveiled its 2019e capital budget, one which sees the company investing $47mm to maintain volumes between 20,400- 20,800 boe/d, which remains consistent with the level mandated by the current Alberta curtailments. Management anticipates excess cash generation of $29 -$39 mm beyond capex and current dividend payouts, with which it will prioritize debt repayment, operating efficiencies and dividend sustainability ahead.
01 Mar 2019
2019e guidance focused on debt repayment, opex improvements and possible dividend lift
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2019e guidance focused on debt repayment, opex improvements and possible dividend lift
Cardinal Energy Ltd. (CJ:TSE) | 0 0 (-2.2%) | Mkt Cap: 471.3m
- Published:
01 Mar 2019 -
Author:
Cody R. Kwong -
Pages:
7
Cardinal has unveiled its 2019e capital budget, one which sees the company investing $47mm to maintain volumes between 20,400- 20,800 boe/d, which remains consistent with the level mandated by the current Alberta curtailments. Management anticipates excess cash generation of $29 -$39 mm beyond capex and current dividend payouts, with which it will prioritize debt repayment, operating efficiencies and dividend sustainability ahead.