TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Bengal Energy ( (TSE:BNG) ) has provided an announcement.
Bengal Energy reported its financial and operational results for the third quarter of fiscal 2025, noting a decrease in crude oil sales revenue by 11% compared to the previous year, largely due to a reduction in oil lifted volumes. Despite lower sales, the company managed to reduce its net loss from the previous year, aided by decreased royalties, operating expenses, and general and administrative costs. Production volumes also saw a significant drop, leading to Bengal investigating changes in production allocation by the Cuisinier operator. The company has delayed capital expenditures, contingent on securing financing.
More about Bengal Energy
Bengal Energy Ltd. is a company operating in the energy sector, primarily engaged in the production and sale of crude oil. The company is listed on the Toronto Stock Exchange under the ticker BNG and focuses on oil production, with operations including the Cuisinier oil field.
Average Trading Volume: 107,990
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$4.85M
Learn more about BNG stock on TipRanks’ Stock Analysis page.