Company Cardinal Energy Ltd.

Equities

CJ

CA14150G4007

Oil & Gas Exploration and Production

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

Sales per Business

Ratings for Cardinal Energy Ltd.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-22 pm EDT			5-day change	1st Jan Change
7.02 ^CAD	+1.59%		+1.01%	+11.78%

Mar. 18	RBC Capital Markets Comments On Cardinal Energy's Q4 2023 Results	MT
Mar. 15	Cardinal Energy's Adjusted Funds Flow, Revenue Falls	MT

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

Number of employees: 180

CAD in Million	2022	Weight	2023	Weight	Delta
Crude Oil 116.9 %	690	116.5 %	562	116.9 %	-18.48%
Royalties -23.4 %	-150	-25.3 %	-113	-23.4 %	-24.92%
Natural Gas 3.3 %	31	5.2 %	16	3.3 %	-47.84%
Natural Gas Liquids 2.4 %	17	2.9 %	11	2.4 %	-33.78%
Processing and Other 0.9 %	4	0.7 %	4	0.9 %	-2.80%

CAD in Million	2022	Weight	2023	Weight	Delta
Canada 100.0 %	592	100.0 %	481	100.0 %	-18.71%

Managers	Title	Age	Since
Michael Ratushny CEO	Chief Executive Officer	59	10-12-20
Shawn van Spankeren DFI	Director of Finance/CFO	51	18-01-14
Connie Shevkenek CTO	Chief Tech/Sci/R&D Officer	-	14-01-31
Dale Orton COO	Chief Operating Officer	51	16-11-30
Laurence Broos IRO	Public Communications Contact	-	15-02-09
Jason LaForge PRN	Corporate Officer/Principal	-	13-12-31
Ken Younger PRN	Corporate Officer/Principal	53	16-03-31
Robert Wollmann PRN	Corporate Officer/Principal	-	17-11-14

Members of the board	Title	Age	Since
John Brussa BRD	Director/Board Member	67	12-07-08
John Festival BRD	Director/Board Member	63	Nov. 05
Michael Ratushny CEO	Chief Executive Officer	59	10-12-20
Stephanie Sterling BRD	Director/Board Member	57	17-07-31
John Gordon BRD	Director/Board Member	68	21-12-31

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	159,498,059	122,302,726 ( 76.68 %)	1,403,011 ( 0.8796 %)	76.68 %

Name	Equities	%	Valuation
John Brussa 2.655 %	4,208,271	2.655 %	22 M $
Michael Ratushny 2.569 %	4,072,645	2.569 %	21 M $
David D. Johnson 1.025 %	1,624,729	1.025 %	8 M $
Scotia Managed Companies Administration, Inc. 0.5125 %	812,439	0.5125 %	4 M $
Robert Wollmann 0.3937 %	624,053	0.3937 %	3 M $
Shawn van Spankeren 0.3630 %	575,472	0.3630 %	3 M $
Dale Orton 0.3438 %	544,987	0.3438 %	3 M $
Connie Shevkenek 0.2173 %	344,426	0.2173 %	2 M $
John Festival 0.1983 %	314,304	0.1983 %	2 M $
Stephanie Sterling 0.1923 %	304,800	0.1923 %	2 M $

Cardinal Energy Ltd.

400-3rd Avenue SW Suite 600

T2P 4H2, Calgary

+403-234-8681

http://www.cardinalenergy.ca

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.02 CAD

Average target price

8.4 CAD

Spread / Average Target

+19.66%

Consensus

Estimates Revisions

Company calendar

Energy - Fossil Fuels

Oil & Gas Exploration and Production

Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
CARDINAL ENERGY LTD.	+11.78%	809M
CHEVRON CORPORATION	+8.55%	299B
CONOCOPHILLIPS	+11.42%	151B
CNOOC LIMITED	+41.69%	115B
CANADIAN NATURAL RESOURCES LIMITED	+21.10%	82.14B
EOG RESOURCES, INC.	+10.71%	77.02B
OCCIDENTAL PETROLEUM CORPORATION	+12.21%	59.39B
HESS CORPORATION	+8.37%	47.98B
WOODSIDE ENERGY GROUP LTD	-8.47%	34.99B
DIAMONDBACK ENERGY, INC.	+30.63%	36.15B

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