David Johnson - Cardinal Energy Independent Director

CRLFF Stock  USD 5.23  0.06  1.13%   

Director

Mr. David D. Johnson serves as an Independent Director of Cardinal Energy Ltd. Mr. Johnson is an independent businessman with over thirtyfive years of diverse experience in the oil gas industry. Mr. Johnson was the Chairman of Progress Energy Resources Corporationration at the time of its sale to PETRONAS in 2012. Mr. Johnson held various positions at Progress and its predecessors since July 2004. since 2012.
Age 66
Tenure 12 years
Phone403 234 8681
Webhttps://www.cardinalenergy.ca
Johnson has over 35 years of diverse experience in the oil and gas industry including a background in production, reservoir evaluation and operations. He has a B.Sc. in Petroleum Engineering, is a member of the Association of Engineers, Geologists and Geophysics of Alberta and has served twice as a governor of the Canadian Association of Petroleum Producers.

Cardinal Energy Management Efficiency

The company has return on total asset (ROA) of 0.1368 % which means that it generated a profit of $0.1368 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3002 %, meaning that it generated $0.3002 on every $100 dollars invested by stockholders. Cardinal Energy's management efficiency ratios could be used to measure how well Cardinal Energy manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 154.96 M in total debt with debt to equity ratio (D/E) of 0.08, which may suggest the company is not taking enough advantage from borrowing. Cardinal Energy has a current ratio of 0.98, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cardinal Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Cardinal Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cardinal Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cardinal to invest in growth at high rates of return. When we think about Cardinal Energy's use of debt, we should always consider it together with cash and equity.

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Cardinal Energy Ltd. engages in the acquisition, exploration, and production of crude oil and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada. Cardinal Energy is traded on OTC Exchange in the United States. Cardinal Energy [CRLFF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Cardinal Energy Leadership Team

Elected by the shareholders, the Cardinal Energy's board of directors comprises two types of representatives: Cardinal Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cardinal. The board's role is to monitor Cardinal Energy's management team and ensure that shareholders' interests are well served. Cardinal Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cardinal Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Connie Shevkenek, Vice President - Engineering
CMA CPA, Chief Officer
Shannon Gangl, Co Sec
Robert Wollmann, VP Exploration
Laurence Broos, Vice President - Finance
Douglas Smith, CFO
David Kelly, Vice President - Saskatchewan
Dale Orton, Vice President - Capacity
Tonya Pizzey, Investor Relations
Craig Kolochuk, VP of Land
Colin Witwer, Vice President - North
Jason Laforge, Vice President Central
James Smith, Independent Director
David Johnson, Independent Director
Scott Ratushny, Chairman, CEO and Member of Reserves Committee
John Brussa, Independent Director
Shawn Spankeren, CFO
Gregory Tisdale, Independent Director
Timothy Hyde, VP of Exploration
Shane Peet, COO
Stephanie Sterling, Director

Cardinal Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Cardinal Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Cardinal Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cardinal Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cardinal Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Cardinal Pink Sheet

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The ability to find closely correlated positions to Cardinal Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cardinal Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cardinal Energy to buy it.
The correlation of Cardinal Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cardinal Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cardinal Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Cardinal Energy information on this page should be used as a complementary analysis to other Cardinal Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Cardinal Energy's price analysis, check to measure Cardinal Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardinal Energy is operating at the current time. Most of Cardinal Energy's value examination focuses on studying past and present price action to predict the probability of Cardinal Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardinal Energy's price. Additionally, you may evaluate how the addition of Cardinal Energy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Cardinal Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.