Alvopetro Energy ( (TSE:ALV) ) has shared an update.
Alvopetro Energy Ltd. reported a 37% increase in natural gas sales volumes for the start of 2025, attributed to enhanced productive capacity and an updated gas sales agreement. The company announced a quarterly dividend increase to US$0.10 per share, reflecting its commitment to balanced capital allocation. Alvopetro also revealed significant reserve increases, with 1P reserves up by 65% and 2P reserves by 5%, boosting the company’s net present value and indicating strong future potential. The company is actively expanding its operations with new drilling projects in both the Murucututu natural gas field and Western Saskatchewan.
More about Alvopetro Energy
Alvopetro Energy Ltd. is a company operating in the energy sector, primarily focused on the exploration and production of natural gas and oil. The company is involved in projects such as the Caburé Unit and the Murucututu project, with a market focus on increasing natural gas sales and expanding its reserves.
YTD Price Performance: -12.67%
Average Trading Volume: 18,428
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$167.6M
For detailed information about ALV stock, go to TipRanks’ Stock Analysis page.