Canuc Resources (TSE:CDA) has released an update.
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
Canuc Resources Corporation has announced the commencement of repair and workover operations on its Coody-Morales Trac 3-3 natural gas well in West Texas, which has been a consistent source of revenue since 2011. The well has shown low decline rates and the company plans to tap into additional hydrocarbon zones upon economic depletion of the current formation. Canuc is focused on maximizing cash flow while avoiding shareholder dilution through the strategic development of its existing assets.
For further insights into TSE:CDA stock, check out TipRanks’ Stock Analysis page.