Alvopetro Energy Ltd V.ALV

Oversold?

[IanB85]

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?

[JayBanks]

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

[RumGuy]

There seems to be a lot of fear resulting from the redetermination process. From muy understanding there was to be an earlier one in 2021. Does anybody know how that went or was it delayed due to Covid ?  I haven'tbeen able to locate anything, even in company notices. We're all patiently waiting for any news.