Tenaz Energy High Growth Natural Gas Producer
The Gold Bull Feb 27, 2026 4:35
Summary
Tenaz Energy became the Netherlands' largest natural gas producer through two 2025 offshore acquisitions, including the Shell-Exxon NAM venture majors underinvested in.
Its GEMS well produced 75 million cubic feet per day, the country's highest, with two discoveries testing 50 and 20.
Dutch gas sells at TTF (Europe's benchmark) prices, several times Canadian levels, so each increment of production earns far more.
National Bank of Canada projections show growth to 21,000 barrels of oil equivalent per day in 2026 and funds flow reaching $520 million by 2027.
At a $1.5 billion market cap against $310 million projected 2026 funds flow, the presenter, who owns shares, calls the stock undervalued.