Pieridae Energy (TSE:PEA) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Pieridae Energy reported a second quarter production of 30,861 boe/d and a Net Operating Income of $7.7 million, despite low AECO natural gas prices and operational challenges. The company’s strategic maneuvers, including a 40% increase in third-party processing volumes and the divestiture of the Goldboro assets, have positioned it for improved financial flexibility.
For further insights into TSE:PEA stock, check out TipRanks’ Stock Analysis page.
