David Johnson - Cardinal Energy Independent Director

CJ Stock  CAD 6.54  0.03  0.46%   

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 68
Tenure 13 years
Address 600, 400 ? 3rd Avenue SW, Calgary, AB, Canada, T2P 4H2
Phone(403) 234-8681
Webhttps://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.

David Johnson Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Johnson against Cardinal Energy stock is an integral part of due diligence when investing in Cardinal Energy. David Johnson insider activity provides valuable insight into whether Cardinal Energy is net buyers or sellers over its current business cycle. Note, Cardinal Energy insiders must abide by specific rules, including filing SEC forms every time they buy or sell Cardinal Energy'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Cardinal Energy Management Efficiency

The company has return on total asset (ROA) of 0.0771 % which means that it generated a profit of $0.0771 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1114 %, meaning that it generated $0.1114 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. At this time, Cardinal Energy's Return On Tangible Assets are very stable compared to the past year. As of the 27th of February 2025, Return On Assets is likely to grow to 0.08, while Return On Capital Employed is likely to drop 0.12. At this time, Cardinal Energy's Other Current Assets are very stable compared to the past year. As of the 27th of February 2025, Return On Tangible Assets is likely to grow to 0.08, while Total Assets are likely to drop about 1 B.
Cardinal Energy has accumulated 50.1 M in total debt with debt to equity ratio (D/E) of 1.05, which is about average as compared to similar companies. Cardinal Energy has a current ratio of 0.1, 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 oil and natural gas in the provinces of Alberta and Saskatchewan, Canada. The company was incorporated in 2010 and is headquartered in Calgary, Canada. CARDINAL ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. Cardinal Energy (CJ) is traded on Toronto Exchange in Canada and employs 19 people. Cardinal Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

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, Corporate Secretary
Robert Wollmann, Senior Vice President - Exploration
Laurence Broos, Vice President - Finance
CPA CMA, Chief Officer
David Kelly, Vice President - Saskatchewan
Dale Orton, Vice President - Capacity
PEng BEng, Chief Officer
Jason Laforge, Vice President - Central
David Johnson, Independent Director
Scott Ratushny, Chairman, CEO and Member of Reserves Committee
John Brussa, Independent Director
Shawn Spankeren, Chief Financial Officer
M Ratushny, Chairman of the Board, President, Chief Executive Officer
Ken Younger, Vice President - South
Gregory Tisdale, Independent Director
Wes Heatherington, Vice President - North
Stephanie Sterling, Lead Independent Director

Cardinal Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock 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 Stock

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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

Other Information on Investing in Cardinal Stock

Cardinal Energy financial ratios help investors to determine whether Cardinal Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cardinal with respect to the benefits of owning Cardinal Energy security.