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Petro Viking Energy ( (TSE:VIK) ) just unveiled an announcement.
Avila Energy Corporation has extended the expiry date of its ongoing rights offering from January 14 to February 2, 2026, giving shareholders additional time to participate while leaving all other terms unchanged. The financing remains contingent on required regulatory approvals and the absence of any material adverse change, and the company retains discretion to amend or terminate the offer under applicable securities laws. Separately, Avila has rescheduled the court hearing to approve its Amended Proposal under Canada’s Bankruptcy and Insolvency Act to March 2, 2026, a key procedural step in its ongoing restructuring process that will be closely watched by creditors and investors as the company works to stabilize its balance sheet and secure funding for its operations.
The most recent analyst rating on (TSE:VIK) stock is a Hold with a C$0.01 price target. To see the full list of analyst forecasts on Petro Viking Energy stock, see the TSE:VIK Stock Forecast page.
Spark’s Take on TSE:VIK Stock
According to Spark, TipRanks’ AI Analyst, TSE:VIK is a Neutral.
The score is primarily weighed down by weak financial performance (large losses, negative equity, and ongoing cash burn). Valuation is difficult to support due to losses and missing dividend data, while technical analysis impact is limited because core indicators were not provided.
To see Spark’s full report on TSE:VIK stock, click here.
More about Petro Viking Energy
Avila Energy Corporation is a Calgary-based oil and gas company focused on acquiring, exploring and developing crude oil, natural gas and natural gas liquids in Western Canada. Its producing assets are located in West Central Alberta, southwest of Edmonton, and East Central Alberta, east of Red Deer. The company is incorporated under Alberta law and its common shares are listed on the Canadian Securities Exchange, Frankfurt Stock Exchange and OTC Markets Group under the symbols VIK, 6HGO and PTRVF, respectively.
Technical Sentiment Signal: Sell
Current Market Cap: C$1.13M
For detailed information about VIK stock, go to TipRanks’ Stock Analysis page.