In today’s briefing:
- Valeura Energy (TSX: VLE): Another strong quarter. FY25 guidance re-iterated

Valeura Energy (TSX: VLE): Another strong quarter. FY25 guidance re-iterated
- 2Q25 production was 21.4 mbbl/d, which is very close to our forecast (~22 mbbl/d).
- The company reported a net cash position of US$241.9 mm at end-June, significantly above our expected US$210 mm.
- This reflects both the timing of capital expenditures across 2025 and continued strong operating performance.
