Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Valeura Energy Inc, Boise Cascade Co, VAALCO Energy and more

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

By Auctus Advisors

  • 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!

By Baptista Research

  • 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

By Auctus Advisors

  • 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.

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