Michael Rugen - Tengasco CEO

CEO

Mr. Michael J. Rugen is Interim Chief Executive Officer, Chief Financial Officer of Tengasco, Inc. He is a certified public accountant with over 30 years of experience in exploration, production and oilfield service. Prior to joining the Company, Mr. Rugen spent 2 years as Vice President of Accounting and Finance for Nighthawk Oilfield Services. From 2001 to June 2007, he was a ManagerSr. Manager with UHY Advisors, primarily responsible for managing internal audit and SarbanesOxley 404 engagements for various oil and gas clients. In 1999 and 2000, he provided finance and accounting consulting services with Jefferson Wells International. From 1982 to 1998, Mr. Rugen held various accounting and management positions at BHP Petroleum, with accounting responsibilities for onshore and offshore US operations as well as operations in Trinidad and Bolivia since 2013.
Age 53
Tenure 12 years
Phone720 420 4460
Webhttp://www.tengasco.com
Rugen earned a BS in Accounting in 1982 from Indiana University.

Tengasco Management Efficiency

The company has Return on Asset of (15.78) % which means that on every $100 spent on assets, it lost $15.78. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (37.55) %, meaning that it generated no profit with money invested by stockholders. Tengasco's management efficiency ratios could be used to measure how well Tengasco manages its routine affairs as well as how well it operates its assets and liabilities.
Tengasco has 324 K in debt with debt to equity (D/E) ratio of 0.07, which may show that the company is not taking advantage of profits from borrowing. Tengasco has a current ratio of 3.76, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Tengasco to invest in growth at high rates of return.

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Tengasco, Inc., together with its subsidiaries, explores for and produces oil and natural gas in the United States. Tengasco, Inc. was founded in 1916 and is headquartered in Greenwood Village, Colorado. Tengasco operates under Oil Gas EP classification in the United States and is traded on AMEX Exchange. It employs 12 people. Tengasco (TGC) is traded on NYSE MKT Exchange in USA and employs 12 people.

Management Performance

Tengasco Leadership Team

Elected by the shareholders, the Tengasco's board of directors comprises two types of representatives: Tengasco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tengasco. The board's role is to monitor Tengasco's management team and ensure that shareholders' interests are well served. Tengasco's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tengasco's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard Thon, Independent Director
Michael Rugen, Interim CEO, CFO and President of Tengasco Pipeline Corporate
Hughree Brooks, Independent Director
Matthew Behrent, Independent Director
Peter Salas, Independent Chairman of the Board
Cary Sorensen, Vice President, General Counsel, Secretary

Tengasco Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Tengasco a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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Other Consideration for investing in Tengasco Stock

If you are still planning to invest in Tengasco check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Tengasco's history and understand the potential risks before investing.
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