Cardinal Energy ( (TSE:CJ) ) has provided an update.
Cardinal Energy Ltd. has successfully closed a $45 million bought deal offering of senior subordinated unsecured debentures. The proceeds will be used to repay existing debt, de-risk the completion of its Reford thermal facility, accelerate the Kelfield thermal oil opportunity, and potentially acquire land and seismic data for further thermal oil exploration.
More about Cardinal Energy
Cardinal Energy Ltd. is a company operating in the energy sector, primarily focused on oil production and exploration. The company is engaged in the development of thermal oil opportunities and aims to enhance its market position through strategic investments and risk management.
YTD Price Performance: 0.94%
Average Trading Volume: 685,742
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.03B
Learn more about CJ stock on TipRanks’ Stock Analysis page.