Kiwetinohk Energy Corp. ( (TSE:KEC) ) has issued an announcement.
Kiwetinohk Energy Corp. reported strong financial and operational results for 2024, with a notable 19% increase in annual production and a 10% growth in total proved plus probable reserves. The company successfully reduced operating costs and completed the sale of its Opal gas-fired power project. Kiwetinohk is exploring strategic alternatives, including potential sales of its businesses, to address funding capacity constraints and capitalize on value-enhancing opportunities.
More about Kiwetinohk Energy Corp.
Kiwetinohk Energy Corp. operates in the energy sector, focusing on upstream oil and gas production and power development projects. The company is engaged in the exploration and production of oil and gas, with a significant presence in the Duvernay and Simonette Montney regions, and is also involved in the development and sale of power projects.
YTD Price Performance: -10.92%
Average Trading Volume: 5,113
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$660.7M
See more data about KEC stock on TipRanks’ Stock Analysis page.