TSX:CJOil and Gas
Cardinal Energy (TSX:CJ) Is Up 6.0% After Surpassing Output Forecasts at Reford Facility – Has the Bull Case Changed?
Cardinal Energy Ltd. recently announced third-quarter earnings showing revenue of C$104.82 million and net income of C$13.8 million, alongside strong operational results from the Reford Central Production Facility, which exceeded initial production forecasts at approximately 4,000 barrels per day of heavy oil.
This operational performance, paired with the announcement of a C$0.06 per share monthly dividend, highlights Cardinal’s focus on disciplined reservoir management and shareholder...