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An announcement from Alvopetro Energy ( (TSE:ALV) ) is now available.
Alvopetro Energy Ltd. reported December 2024 sales volumes of 1,828 boepd, with significant contributions from natural gas and associated natural gas liquids. The company experienced reduced demand from Bahiagás during late December but has commenced January deliveries under a new long-term gas sales agreement. The updated contract sets daily firm volumes at 400 e3m3/d, which could stabilize and potentially enhance future sales performance.
More about Alvopetro Energy
Alvopetro Energy Ltd. is focused on becoming a leading independent upstream and midstream operator in Brazil, with a strategy centered on unlocking on-shore natural gas potential in Bahia. The company develops natural gas assets like Caburé and Murucututu and leverages strategic midstream infrastructure.
YTD Price Performance: -0.19%
Average Trading Volume: 16,485
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$191.3M
For a thorough assessment of ALV stock, go to TipRanks’ Stock Analysis page.
