Canadian Spirit Resources (TSE:SPI) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.