The latest update is out from Cardinal Energy ( (TSE:CJ) ).
Cardinal Energy Ltd. has announced a $40 million bought deal offering of senior subordinated unsecured debentures, set to close on March 4, 2025. The proceeds will be used to reduce existing debt and fund the development of thermal oil projects, potentially strengthening the company’s financial stability and market opportunities.
More about Cardinal Energy
Cardinal Energy Ltd. operates in the energy sector, focusing on oil and gas production. The company is involved in thermal oil opportunities and aims to enhance its market position through strategic financial and operational initiatives.
YTD Price Performance: 2.49%
Average Trading Volume: 674,279
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.05B
Learn more about CJ stock on TipRanks’ Stock Analysis page.