Cardinal Energy Group, Inc. (OTCBB:CEGX) has executed a term sheet for a $2.5 million revolving credit line and expects to close and draw down on the facility within 30 days. With this, Cardinal also has the ability to use the credit facility to purchase additional acreage for new drilling prospects. Cardinal also seeks acquisitions of over-leveraged companies when there is a clear upside from their purchase based on strong commodity prices.
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5-day change | 1st Jan Change | ||
0.0001 USD | -.--% | -.--% | -83.33% |
2018 | Cardinal Energy Group, Inc. Announces Board Changes | CI |
2018 | Cardinal Energy Group, Inc. cancelled the acquisition oil and gas rights, interests and assets of Rig Services, LLC. | CI |
1st Jan change | Capi. | |
---|---|---|
-83.33% | 98.34K | |
+11.89% | 306B | |
+12.17% | 153B | |
+52.00% | 124B | |
+22.88% | 83.43B | |
+12.58% | 78.06B | |
+21.51% | 62.81B | |
+14.35% | 60.08B | |
+13.62% | 49.91B | |
+33.39% | 37.05B |
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