In today’s briefing:
- Valeura Energy (TSX: VLE): Additional exploration upside. Lower decommissioning liabilities
- Boise Cascade Corporation: These 4 Pivotal Factors Are Needle-Movers For Its Stock In 2024 & Beyond!
- VAALCO Energy (NYSE: EGY): EG unlocked
Valeura Energy (TSX: VLE): Additional exploration upside. Lower decommissioning liabilities
- FY23 production, YE23 net cash and YE23 reserves and resources had been reported previously.
- The FY24 production guidance of 21.5-24.5 mbbl/d with US$205-235 mm opex and US$135-155 mm capex has been re-iterated.
- Current production continues to be high, with average production for the first half of March of ~23,000 bbl/d, including ~7.9 mbbl/d for Jasmine, 7.2 mbbl/d for Nong Yao, 2.9 bbl/d for Manora and 4.9 mbbl/d for Wassana.
Boise Cascade Corporation: These 4 Pivotal Factors Are Needle-Movers For Its Stock In 2024 & Beyond!
- This is our first report on building and wooden products producer, Boise Cascade.
- The company, which operates in the building materials and wood products sectors, reported full-year net income of $483.7 million or $12.12 per diluted share on sales of $6.8 billion.
- This showcase of profitability came along with successful execution of the company’s growth strategy with a mix of organic and acquisition initiatives.
VAALCO Energy (NYSE: EGY): EG unlocked
- The final documents for the Joint Operating agreement (JOA) for the Venus-Block P Plan of Development have now been signed by all the partners.
- The JOA has also been approved by the EG government.
- The Block P PSC is for 25 years from the date of approval.