Valeura Energy ( (TSE:VLE) ) has provided an update.
Valeura Energy Inc. reported record financial and operational results for 2024, with a 12% increase in production and significant discoveries in exploration. The company achieved a revenue of US$679 million and strengthened its financial position with a cash reserve of US$259 million and zero debt. Valeura also reduced its greenhouse emissions intensity by 20% and increased its reserves, extending the economic life of its fields beyond 2030. These achievements underscore the company’s robust growth and value creation, positioning it as a strong player in the energy sector with potential for further expansion through exploration and acquisitions.
More about Valeura Energy
Valeura Energy Inc. operates in the energy sector, focusing on oil production and exploration. The company is involved in drilling operations and development projects, primarily in Thailand, with a strong emphasis on increasing production and reserves while maintaining a commitment to environmental sustainability.
YTD Price Performance: 8.89%
Average Trading Volume: 363,737
Technical Sentiment Signal: Sell
Current Market Cap: C$826.6M
For a thorough assessment of VLE stock, go to TipRanks’ Stock Analysis page.