Bourse Report| 12.09.2022| TTNGL Outlook Improves

This week, at Bourse, Sarodh Ramkhelawan reviews the performance of the sole member of the Energy Tier of the domestic exchange, Trinidad and Tobago NGL Limited (TTNGL) for the half year ended June 30th, 2022. TTNGL reported significantly improved earnings on account of robust energy markets and increased profitability from its solitary investee company, Phoenix Park Gas Processors Limited (PPGPL). We also provide a brief update on energy market developments, against the backdrop of ongoing Geopolitical tensions. Could the trend of higher energy prices continue to benefit TTNGL, or could domestic energy production challenges slow progress in the months ahead?