TSX:TNZOil and Gas
Tenaz Energy (TSX:TNZ) Stock Trails A Sharp Profit Rebound
Tenaz Energy stock has been drifting, with a small loss over the past week and a mixed three month stretch, yet the latest quarter lands with a sharp profit reset that the price has not fully reflected. The headline is simple: Q2 flipped from a heavy loss in Q1 to solid earnings, with basic earnings per share at CA$2.71 and net income of CA$89.04 million on CA$156.69 million of revenue.
For an oil and gas producer that has carried concerns about earnings quality and debt, this kind of swing...