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Stocks in play: Valeura Energy Inc.
Provided an update on Q2 2024 operations. Oil production averaged 21.1 mbbls/d; Price realizations of US$87.7/bbl, a record US$2.7/bbl premium over Brent; Revenue of US$164 million; and No debt, and cash of US$145 million, after having paid an aggregate US$109 million in taxes, purchase of the Nong Yao Floating Storage and Offloading ("FSO") vessel, and final contingent consideration associated with the asset acquisition from KrisEnergy (Asia) Ltd. Valeura Energy Inc. shares T.VLE are trading unchanged at $4.30.
