Proactive - Interviews for investors

Alvopetro Energy CEO on growth, gas sales & Canadian expansion

Episode Summary

Alvopetro Energy CEO Corey Ruttan talked with Proactive's Stephen GUnnion about the company’s fourth-quarter and full-year 2024 results, highlighting a 37% production increase in early 2025. He attributed this to the successful redetermination of the Caburé asset and the development of the Murucututu asset in Brazil, which led to an upgraded gas sales agreement with Bahiagás. Ruttan detailed the financial highlights, emphasizing Alvopetro’s industry-leading operating netback margins of 86–90% and strong cash flow, which supports its capital allocation model of returning half of cash flow to stakeholders while reinvesting the rest into organic growth. The company also announced a dividend increase to $0.10 per share. Additionally, Ruttan discussed Alvopetro’s expansion into Canada through a strategic partnership with a private operator. The company has already drilled two multilateral wells with six horizontal legs each, totaling over 15 kilometers of open hole drilling. These wells were completed under budget, with production results expected in the coming weeks. Looking ahead, Ruttan said Alvopetro aims to continue expanding its production capacity in both Brazil and Canada. He noted that the company is well-positioned to deploy capital into high-return opportunities in both regions. Stay tuned to Proactive for more updates on Alvopetro Energy. Don’t forget to like this video, subscribe to the channel, and turn on notifications for future content! #AlvopetroEnergy #OilAndGas #EnergyStocks #Investing #NaturalGas #BrazilEnergy #CanadianOil #StockMarket #Dividends #ProactiveInvestors