TSX:CJOil and Gas
Does Cardinal’s 2025 Earnings Dip and Reford Ramp-Up Reshape The Bull Case For Cardinal Energy (TSX:CJ)?
Cardinal Energy Ltd. has released its full-year 2025 results, showing revenue of C$439.04 million and net income of C$20.8 million, while confirming its March cash dividend of C$0.06 per share for payment on April 15, 2026.
Amid lower earnings, the company highlighted record fourth-quarter production driven by the Reford SAGD project and continued investment in thermal growth, supported by a recent C$104.7 million equity financing.
We will now examine how the Reford SAGD project’s ramp-up...