We are updating our estimates after coming off research restriction following our participation in Cardinal’s $67 mm equity financing, wherein the Company issued
7.15 mm shares at $9.35 per share. Post-financing, Cardinal solidifies an already peer group leading balance sheet and sustainability outlook, which will enable the Company to expand opportunities in its core operating areas through opportunistic tuck-in acquisitions while continuing to advance both organic growth efforts and pursue l ....
16 Jun 2016
Cardinal Energy Bolsters Balance Sheet with $67 mm Equity Financing
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Cardinal Energy Bolsters Balance Sheet with $67 mm Equity Financing
Cardinal Energy Ltd. (CJ:TSE) | 0 0 (-2.2%) | Mkt Cap: 471.3m
- Published:
16 Jun 2016 -
Author:
Cody R. Kwong -
Pages:
7
We are updating our estimates after coming off research restriction following our participation in Cardinal’s $67 mm equity financing, wherein the Company issued
7.15 mm shares at $9.35 per share. Post-financing, Cardinal solidifies an already peer group leading balance sheet and sustainability outlook, which will enable the Company to expand opportunities in its core operating areas through opportunistic tuck-in acquisitions while continuing to advance both organic growth efforts and pursue l ....