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Alvopetro Energy Ltd ALVOF


Primary Symbol: V.ALV

Energy Oil & Gas E&P
Alvopetro Energy Ltd. is a Canada-based company, which is engaged in the exploration for, and the acquisition, development and production of, hydrocarbons in Brazil. The Company is specialized in the development of Brazil's independent onshore natural gas industry with the Company's Cabure natural gas asset and midstream projects. It has interests in the Cabure and Murucututu natural gas assets, two exploration blocks (Block 182 and Block 183) and two oil fields (Bom Lugar and Mae-da-lua), in the Reconcavo basin onshore Brazil. The Cabure Field extends across four blocks in the Reconcavo Basin in the state of Bahia in Brazil, two of which are held by the Company and two of which are held by its partner. The Company's Murucututu natural gas project extends across Blocks 183 and 197, both held 100% by it. The Company is producing approximately 14 barrels of oil and/or natural gas liquids (condensate) per day (bopd) based on field estimates.


TSXV:ALV - Post by User

Alvopetro Energy Ltd > Oversold?
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Post by IanB85on Mar 22, 2024 11:38am
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Post# 35947238

Oversold?

Oversold?Anyone else think that they are oversold at this point?

There are a number of fundamentals that still seem strong:
  • daily sales averaged 2,143 boepd during the quarter, an increase of 26% from Q3 2023
  • working capital surplus was $13.1 million as of December 31, 2023, increasing $1.7 million from September 30, 2023

Of course the dividend cut sucks, but I think the management team are trying to get themselves in a better spot... any other thoughts?
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