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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

TNZ-T had a strong Q3 with earnings coming in well above analyst estimates, driven by a significant increase in revenue and the successful acquisition of XTO Netherlands. Despite positive indicators, there are concerns about declining cash from operations and potential small cap risks. Share prices have seen a sharp increase, up over 110% year-to-date, and TNZ expects production to increase significantly in Q4, mainly driven by new wells at Leduc-Woodbend. Overall, experts are optimistic about TNZ's performance and growth potential in the near future.

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Tenaz Energy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

TNZ reported Q3 EPS at $0.71 which beat analysts’ estimates of $0.007. Revenue came in below forecasts of $16.6M at $15.05M, nearly doubling year-over-year. Fund flow from operations (FFO) was $4.8M or $0.16 per diluted share versus the same period a year prior at $2.3M and $0.08 respectively. TNZ closed the acquisition of XTO Netherlands in Q3 to increase position in the Dutch North Sea (DNS). Net income was $21M up from $0.2M in the prior year due to the estimated gain from the XTO acquisition. TNZ expects Q4 production to increase significantly, mainly driven by contributions from new wells at Leduc-Woodbend, whereas annual production guidance post XTO acquisition is unchanged. Share prices for TNZ have increased sharply since June, up +110.23% year-to-date. Q3 was solid for TNZ with strong revenue growth and recent acquisitions being positive indicators. Conversely, cash from operations is just slightly positive and has declined in recent quarters, while also continuing to face small cap risks and being tied to the performance of oil.
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Tenaz Energy (TNZ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Tenaz Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Tenaz Energy (TNZ-T) Frequently Asked Questions

What is Tenaz Energy stock symbol?

Tenaz Energy is a Canadian stock, trading under the symbol TNZ-T on the Toronto Stock Exchange (TNZ-CT). It is usually referred to as TSX:TNZ or TNZ-T

Is Tenaz Energy a buy or a sell?

In the last year, 1 stock analyst published opinions about TNZ-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Tenaz Energy .

Is Tenaz Energy a good investment or a top pick?

Tenaz Energy was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Tenaz Energy .

Why is Tenaz Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Tenaz Energy worth watching?

In the last year 1 stock analyst on Stockchase covered Tenaz Energy . The stock is worth watching.

What is Tenaz Energy stock price?

On 2024-06-21, Tenaz Energy (TNZ-T) stock closed at a price of $3.49.