LNG Energy Group (TSE:LNGE) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
LNG Energy Group reported a second quarter with solid financials, including an Adjusted EBITDAX of $5.7 million, a slight decrease from the previous quarter. The company expanded its operations by securing contracts to develop hydrocarbon resources in Venezuela and launching a new Oilfield Services Division for additional revenue streams. Despite a production decline due to maintenance and workovers, the company is planning to drill more wells in the latter half of the year.
For further insights into TSE:LNGE stock, check out TipRanks’ Stock Analysis page.