Tenaz Energy Corp (TSE:TNZ) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Tenaz Energy Corp. reports a record-breaking production average of 3,135 barrels of oil equivalent per day (boe/d) in the fourth quarter of 2023, doubling their full-year average to 2,439 boe/d due to new acquisitions and organic growth. The company’s funds flow from operations soared by 236% to $28.9 million for the year. Additionally, net income spiked to $26.5 million, marking a substantial increase from the previous year, attributed mainly to gains from the XTO Netherlands acquisition.
For further insights into TSE:TNZ stock, check out TipRanks’ Stock Analysis page.
