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Tenaz Energy Corp T.TNZ

Alternate Symbol(s):  ATUUF

Tenaz Energy Corp. is a Canada-based energy company. The Company is focused on the acquisition and sustainable development of international oil and gas assets. The Company has domestic operations in Canada along with offshore natural gas assets in the Netherlands. The Company’s domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Company's semi-conventional development project is located in the Leduc-Woodbend area of Alberta, Canada. This project targets the Rex zone within the Manville formation and has production of approximately 2,337 barrels of oil equivalent (boe) per day. The Netherlands gas assets are located in the Dutch sector of the North Sea. Tenaz also has an ownership interest in Noordgastransport B.V. (NGT), which holds gas gathering and processing networks in the Dutch North Sea.


TSX:TNZ - Post by User

Post by smallcapsqueezeon Feb 05, 2023 11:14pm
270 Views
Post# 35268219

Netherlands

Netherlands I don't think anyone here is an expert in Netherlands taxes so I'm not going to try to comment on that. Funds flow projections/ deal metrics are not based on current prices but rather forward strip prices (see slide 10 of their December slide deck). Forward prices for dutch ttf range from 20-40 so their FFO projections are more than reasonable. 

Also, dutch TTF traded as high as 350 in August and was about 100 when they closed the deal. It's good to see the team have patience and buy the dip vs. fomoing into deals at the top. 

Lastly, the Netherlands is in the process of closing the largest gas field in Europe (Groningen). Pretty sure this will make North Sea assets more valuable in the future. 

https://www.reuters.com/markets/commodities/netherlands-sticks-plan-close-groningen-gas-field-by-october-ft-2023-01-22/
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