TSX:CJOil and Gas
Assessing Cardinal Energy (TSX:CJ) Valuation After Its Upsized Equity Raise For Thermal Project Growth
Cardinal Energy (TSX:CJ) has completed an upsized bought deal equity offering, raising about CA$104.7 million in gross proceeds to reduce indebtedness, advance its Reford thermal oil project, and support general corporate purposes.
See our latest analysis for Cardinal Energy.
The offering and recent thermal project updates come against a backdrop of firm share price momentum, with a 14.27% 1 month share price return and a 6.48% year to date share price return. The 1 year total shareholder...