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Alvopetro Energy Ltd V.ALV

Alternate Symbol(s):  ALVOF

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. 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. Its Murucututu natural gas project extends across Blocks 183 and 197, both held 100% by the Company. There are three existing wells at the field, including the 197(1) well, the 183(1) well, and the 183-A3 well.


TSXV:ALV - Post by User

Comment by JayBankson Mar 22, 2024 1:20pm
237 Views
Post# 35947519

RE:Oversold?

RE:Oversold?I don't know that it's oversold as I understand the collapse at the moment...

Your drinking the koolaid that the sales is rising from the company spin...

From Q2-2021 to Q1-2023 production was 2300-2760... That was going on during the rise of price and payout. It should also be noted that by the companies own presentation they are expecting that production to fall too 1700 and 1500 over the next 2 quarters....

Not to mention constant uptick in pricing we were receiveing every few months, our new agreement I believe it has ticked down a small bit, and is still much higher than it probably should be for sustainability.

I'm a holder and now underwater when I was a large winner earlier.
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