Great ArticleA deal is coming ... but it will be the right deal for shareholders... https://micromathcapital.com/tenaz-energy-a-masterclass-in-value-creation/
"Tenaz likely intends to deploy these funds quickly, pursuing high-return assets that can more than offset borrowing costs.
Given the company’s extensive footprint in the Dutch North Sea and its ambitions to explore Europe, MENA, and South America, there’s no shortage of opportunities. Few competitors have the expertise or appetite to operate in these regions, giving Tenaz a unique edge in securing underappreciated, cash-generating assets.
But as Tony emphasized in our recent interview, this isn’t just about expanding for the sake of it:
“It’s not about being bigger; really what we’re after is value for existing shareholders.”
Tenaz isn’t chasing scale—it’s chasing quality. The company has built its reputation on acquisitions that not only grow production but also enhance per-share metrics, delivering strong returns for investors.
With fresh capital in hand and a clear appetite for value-driven growth, the stage is set for Tenaz’s next chapter."