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Last $0.40 USD
Change Today +0.0199 / 5.24%
Volume 10.9K
CEGX On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cardinal energy group inc (CEGX) Snapshot

Open
$0.34
Previous Close
$0.38
Day High
$0.40
Day Low
$0.25
52 Week High
09/9/14 - $0.90
52 Week Low
04/24/15 - $0.25
Market Cap
14.1M
Average Volume 10 Days
8.5K
EPS TTM
--
Shares Outstanding
35.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARDINAL ENERGY GROUP INC (CEGX)

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cardinal energy group inc (CEGX) Details

Cardinal Energy Group, Inc. is engaged in the exploration, development, exploitation, and production of oil and natural gas in the United States. It owns interests in oil and gas leases located in the states of California, Ohio and Texas. The company is based in Dublin, Ohio.

cardinal energy group inc (CEGX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $250.0K
Senior Vice President, Secretary and Director
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

cardinal energy group inc (CEGX) Key Developments

Cardinal Energy Group, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Cardinal Energy Group, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, operating Revenue was $768,263 compared to $3,919 for the comparable period in 2013. The current period amount reflects increased crude oil sales volumes from its north-central Texas oil and gas leases and contract development revenues for services provided to the Bradford JV partnership. EBITDA for the third and fourth quarters of 2014 was $194,138 compared to a loss of $829,041 for the comparable period of 2013. The improvement during the second half of 2014 reflects the increased sales volumes of crude oil from the company's recently acquired and developed Texas oil and gas properties plus contract development revenues from services provided to Bradford JV. For the year, net comprehensive loss was $2,445,928 or $0.07 per share compared to $2,091,117 or $0.06 per share in 2013. Total operating Revenue was $1,865,626 from $16,657 in 2013. LBITDA (earnings before interest, taxes, depreciation and amortization) was $1,324,130 compared to $1,543,819 in 2013. Capital expenditures were $2,265,419 versus $332,619 for the year ended December 31, 2013. Revenues from the sales of crude oil and natural gas rose to $148,855 compared to $16,657 for the year ended December 31, 2013. This dramatic increase occurred despite a 50% decrease in the posted price for West Texas Intermediate Crude during the second half of 2014. The higher revenues reflect the ramping up of production from the company's north-central Texas oil and gas leases which were acquired in 2014.

Cardinal Energy Group, Inc. Auditor Raises 'Going Concern' Doubt

Cardinal Energy Group, Inc. filed its 10-K on Apr 06, 2015 for the period ending Dec 31, 2014. In this report its auditor, Russell Bedford Stefanou Mirchandani LLP - RBSM LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Cardinal Energy Group, Inc. announced delayed annual 10-K filing

On 03/31/2015, Cardinal Energy Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

 

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CEGX Competitors

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Company Last Change
Cadogan Petroleum PLC 8.50 GBp 0.00
Eni SpA €17.03 EUR -0.06
Hawkley Oil and Gas Ltd A$0.0050 AUD 0.00
JKX Oil & Gas PLC 29.50 GBp 0.00
View Industry Companies
 

Industry Analysis

CEGX

Industry Average

Valuation CEGX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.7x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 4.8x
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