Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest operator of natural gas assets in the Dutch sector of the North Sea and develops crude oil and natural gas at Leduc-Woodbend in Alberta.

Additional information regarding Tenaz is available on SEDAR+. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol “TNZ”.

Our Vision

Apply technical and commercial capabilities in M&A to build a leading intermediate-size E&P

  • Combine technically focused evaluation and operating capabilities with international sourcing and negotiation experience

  • Full range of technical, commercial and leadership competencies to execute strategy

  • Record of accretive acquisitions, new country entries and successful optimization of upstream assets

Acquire-and-develop using conventional and semi-conventional assets in overseas markets

  • “Wide funnel” geographic approach to asset screening, followed by selection of highest-return opportunities

  • Acquisitions will be anchored by conventional projects, with the additional capability to recognize semi-conventional potential in overseas regions

Prioritize free cash flow generation to support a balanced growth-and-income model

  • Targeting unoptimized and underfunded assets that can generate free cash flow at an early stage

  • Cornerstone acquisition(s) will drive regional focus, followed by consolidation to build economies of scale

Targeting Assets in Europe, MENA and South America

  • The Tenaz team has experience globally within targeted regions of focus (dark blue) including Europe, MENA and South America, with additional experience in countries outside of focus areas (light blue)

Investment Summary

Deep Value in International Market

  • Sizeable market opportunity with international acquire-and-exploit strategy

  • Attractive value at entry plus significant opportunity for operating improvement

  • Targeted approach: focus on Europe-MENA, with competence to assess other regions if high-return opportunities arise

Experienced Management Team with Clear Strategy

  • Technically-focused, hands-on management with record of value-adding M&A and follow-on operations

  • Over US$6 billion of experience in closed transactions

  • Team has history of successfully executing each element of our strategy

Highly Aligned Team Focused on Shareholder Returns

  • Tenaz team knows alignment is vital

  • Management investment in recapitalization transaction alongside foundation investors

  • Demonstrated capability to execute growth-and-income model using international assets

Corporate Information

  • Toronto Stock Exchange

    Trading Symbol: TNZ

  • Odyssey Trust Company

    Calgary, Alberta

  • Torys LLP

    Calgary, Alberta

  • National Bank of Canada, Canadian Imperial Bank of Commerce, Goldman Sachs

  • Deloitte LLP

    Calgary, Alberta

  • McDaniel & Associates Consultants Ltd.

    Calgary, Alberta