Alvopetro Energy Ltd
XTSX:ALV
Alvopetro Energy Ltd
Alvopetro Energy Ltd. engages in the exploration, acquisition, development, and production of hydrocarbons onshore. The company is headquartered in Calgary, Alberta and currently employs 29 full-time employees. The company went IPO on 2013-12-05. The firm is focused on exploring onshore natural gas potential in the state of Bahia in Brazil, building off the development of its Cabure and Gomo natural gas projects and the construction of infrastructure assets.
Alvopetro Energy Ltd. engages in the exploration, acquisition, development, and production of hydrocarbons onshore. The company is headquartered in Calgary, Alberta and currently employs 29 full-time employees. The company went IPO on 2013-12-05. The firm is focused on exploring onshore natural gas potential in the state of Bahia in Brazil, building off the development of its Cabure and Gomo natural gas projects and the construction of infrastructure assets.
Production Record: Alvopetro set a new company production record in Q3, averaging 2,923 barrels of oil equivalent per day, driven by strong results from Brazil and new Canadian production.
Operating Netback & Margins: Q3 operating netback reached $55.90 per BOE, up $1.18 from last quarter, with netback margins remaining strong at 85%.
Dividend Stability: The quarterly dividend was maintained at USD 0.10 per share, yielding about 9%, with over USD 60 million paid out since inception.
Murucututu Well Outperformance: The 183-D4 well delivered IP30 rates nearly double previous expectations, signaling significant potential for future growth.
Capital Expenditures: Capital spending rose over 130% year-over-year in Q3, but management expects a slowdown in Q4, particularly in Brazil, to rebuild cash and working capital.
Canadian Expansion: The company expanded its land holdings in Western Canada, drilled four wells, and plans to drill more starting late Q4.
Financial Flexibility: Alvopetro remains debt-free and is committed to balancing reinvestment and stakeholder returns, with no share buybacks currently underway.
