Cardinal - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Cardinal M&A Summary

Cardinal has acquired 1 company, including 1 in the last 5 years.

Cardinal’s largest acquisition to date was in 2021, when it acquired Venturion Oil for $48M. The Company’s most targeted sectors include oil/gas exploration (100%).

Cardinal Business Overview

Where is Cardinal headquartered?

Cardinal is headquartered in Calgary, Alberta.

What is Cardinal’s revenue?

Cardinal disclosed revenue of 594M CAD for 2023 and 742M CAD for 2022.

What sector is Cardinal in?

Cardinal is an oil/gas exploration company.

When was Cardinal founded?

Cardinal was founded in 2010.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1

Cardinal

Cardinal Energy Ltd.

600, 400 – 3 Avenue SW,
Calgary, Alberta T2P 4H2
Canada,
(403) 234-8681
www.cardinalenergy.ca

Cardinal is a Canadian oil-focused company with operations focused on low decline light, medium, and heavy quality oil in Western Canada. The company's goals is to continually improve environmental, social, and governance profiles and operates assets in a responsible and environmentally sensitive manner. Cardinal was founded in 2010 and is based in Calgary, Alberta.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - 1 - - - 1
vol $48M $48M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Venturion Oil Ltd. 2021-06-01 48M USD Add-on Acquisition
Calgary, Alberta · www.venoil.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 1 (100%) 48M (100%) - -
Total 1 $48M - -

By Geo

State/Country Buy Value Sell Value
Canada 1 48M - -
  Alberta 1 48M - -
Total 1 $48M - -

Deal Values

buy # Total
< $100M 1 $48M
TOTAL $48M
Largest Venturion Oil Ltd.
$48M (2021-06-01)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

594   20% 2023
742   66% 2022
449   99% 2021
226   43% 2020
392   3% 2019
383   22% 2018
314   2017
(millions of CAD) Show More Show Less

Established

2010

Public

Toronto (TSX): CJ

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