Canadian Spirit Resources (TSE:SPI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Canadian Spirit Resources Inc. has temporarily ceased natural gas production at its Farrell Creek/South Altares facilities due to unprofitable market conditions. The company’s recent output averaged 629 Mcf per day prior to the shutdown, and operations will resume when gas prices improve. Meanwhile, CSRI is exploring strategic alternatives to enhance the value of its resources with the assistance of Sayer Energy Advisors.
For further insights into TSE:SPI stock, check out TipRanks’ Stock Analysis page.