Lng Energy Group Corp. (TSE:LNGE) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Lng Energy Group Corp. forecasts a strong financial performance for 2024, with an EBITDA between $33-39 million and a goal to reach a production rate of 40-44 MMcfe/d by year-end. The company plans to invest $10-$12 million in capital expenditures for well workovers, development, and exploration while expecting to increase shareholder equity by $0.10 per share through debt principal amortization. This strategy aligns with their commitment to optimizing their portfolio and capitalizing on the Colombian natural gas market.
For further insights into TSE:LNGE stock, check out TipRanks’ Stock Analysis page.
