Bullboard - Stock Discussion Forum Tenaz Energy Corp T.TNZ

Alternate Symbol(s): ATUUF

Energy Oil & Gas E&P

Tenaz Energy Corp. is a Canada-based energy company 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 domestic operations consist of a semi-conventional oil project in the Rex Member of the Mannville Group at Leduc-Woodbend in central Alberta... see more

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Tenaz Energy Corp > Netherlands

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Post by smallcapsqueeze on Feb 05, 2023 11:14pm

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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