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Alvopetro Energy Ltd V.ALV

Alternate Symbol(s):  ALVOF

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 > 5i Research comments
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Post by Specificon Nov 17, 2023 11:03am
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Post# 35741089

5i Research comments

5i Research comments
Q: Can you please comment on Alvopetro’s recent earnings. What is expected in terms of EPS growth over the next 3-5 years? Will they be able to organically grow production? How does the dividend payout ratio look in terms of cash flow?
 November 10, 2023
 
5I RESEARCH ANSWER:

Revenue of $12M was 5% off estimates; EPS of 15c missed estimates of 22c. Sales volumes did decline, but netbacks rose. Production was 1,839 b/d. Realized gas prices rose 17%. Per share cash flow was 33c, down 11% from last year. The stock is very cheap and it remains net debt-free with $16M cash. Cash flow is expected to grow 25% in 2024 and 10%+ in the following years. Of course, volumes and pricing can influence this growth substantially either eay. The company does have plenty of drilling locations, and has had some success. Production should be able to grow. 12-month payout ratio is a very low 25%. While this quarter was not 'great', it is priced well and growth is expected. Insiders own close to 11%. 


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