Split History
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Tengasco is engaged in the business of exploration for and production of oil and natural gas. Co.'s primary area of exploration and production is in Kansas. Co.'s wholly-owned subsidiary, Manufactured Methane Corporation, operates treatment and delivery facilities in Church Hill, TN for the extraction of methane gas from a landfill for sale as natural gas or for the generation of electricity. According to our TGC split history records, Tengasco has had 2 splits.
TGC split history picture
Tengasco (TGC) has 2 splits in our TGC split history database. The first split for TGC took place on August 30, 2001. This was a 105 for 100 split, meaning for each 100 shares of TGC owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. TGC's second split took place on March 24, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of TGC owned pre-split, the shareholder now owned 1 share. For example, a 1050 share position pre-split, became a 105 share position following the split.

When a company such as Tengasco splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Tengasco conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the TGC split history from start to finish, an original position size of 1000 shares would have turned into 105 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tengasco shares, starting with a $10,000 purchase of TGC, presented on a split-history-adjusted basis factoring in the complete TGC split history. TGC split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/06/2010
End date: 04/03/2020
Start price/share: $5.40
End price/share: $0.54
Dividends collected/share: $0.00
Total return: -90.00%
Average Annual Total Return: -20.57%
Starting investment: $10,000.00
Ending investment: $999.64
Years: 10.00
Date Ratio
08/30/2001105 for 100
03/24/20161 for 10
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