1 of 1
Story summary
- Cardinal Energy and Baytex Energy benefit from rising oil prices.
- Cardinal Energy's Reford SAGD thermal project began production in late 2025, reaching 6,000 barrels per day.
- Cardinal Energy reported adjusted funds flow of $205.1 million for 2025 and expects 2026 growth.
- Baytex Energy focuses on Canadian heavy oil after selling U.S. assets, generating $1.5 billion in 2025.
- The Strait of Hormuz disruption heightens global supply fragility, benefiting Canadian producers.
