Latest news with #PetroTal
Reuters
18 hours ago
- Business
- Reuters
Petroperu accelerates talks for Amazon oil block partner
LIMA, June 27 (Reuters) - Peru's state-run oil company Petroperu is in talks with five firms, including Canada's PetroTal ( opens new tab and U.S.-based Upland Oil and Gas, as it seeks a partner to reactivate a key Amazon oil block, a company executive said late Thursday. Tomas Diaz, manager of Petroperu's exploration and exploitation unit, told Reuters the company expects to reach an agreement for Lot 192 by mid-to-late July. The reactivation of Lot 192, located near the border with Ecuador, is crucial for supplying Petroperu's newly modernized Talara refinery. The company is grappling with a financial crisis and significant debt following a $6.5 billion overhaul of the plant. "We are in a direct negotiation process," Diaz said, adding that a meeting with PetroTal is scheduled for next week. "We expect to select our operating partner in about two weeks; it will then be presented to Petroperu's board for approval." PetroTal and Upland Oil and Gas did not immediately respond to requests for comment. Petroperu, which holds a 39% stake in Lot 192, has been searching for a new partner since April after Altamesa Energy Canada, which held the remaining 61%, withdrew from the project amid debts to suppliers and local communities. Diaz stated that any new operator must honor existing service agreements with community-owned companies in the area. Oil firms in the Peruvian Amazon often face conflicts with indigenous communities demanding local jobs and greater social investment. Petroperu expects the block to produce up to 12,000 barrels per day (bpd) within six months of restarting. That output could rise to around 21,000 bpd after the new operator completes a drilling program. Diaz also confirmed that Petroperu is in separate talks with PetroTal to renew a contract for crude transport through the Northern Peruvian Pipeline. The 1,100-kilometer (684-mile) pipeline is currently operational but sits idle without any active contracts. PetroTal, which operates the nearby Lot 95, previously stopped using the pipeline due to repeated shutdowns caused by attacks on the infrastructure, opting instead to ship its crude by barge to Brazil. "A new crude transport contract will be positive and make Petroperu's pipeline profitable," Diaz said. Petroperu posted a first-quarter loss of $111 million, improving on a $183 million loss from the same period a year earlier.
Yahoo
18 hours ago
- Business
- Yahoo
Petroperu accelerates talks for Amazon oil block partner
By Marco Aquino LIMA (Reuters) -Peru's state-run oil company Petroperu is in talks with five firms, including Canada's PetroTal and U.S.-based Upland Oil and Gas, as it seeks a partner to reactivate a key Amazon oil block, a company executive said late Thursday. Tomas Diaz, manager of Petroperu's exploration and exploitation unit, told Reuters the company expects to reach an agreement for Lot 192 by mid-to-late July. The reactivation of Lot 192, located near the border with Ecuador, is crucial for supplying Petroperu's newly modernized Talara refinery. The company is grappling with a financial crisis and significant debt following a $6.5 billion overhaul of the plant. "We are in a direct negotiation process," Diaz said, adding that a meeting with PetroTal is scheduled for next week. "We expect to select our operating partner in about two weeks; it will then be presented to Petroperu's board for approval." PetroTal and Upland Oil and Gas did not immediately respond to requests for comment. Petroperu, which holds a 39% stake in Lot 192, has been searching for a new partner since April after Altamesa Energy Canada, which held the remaining 61%, withdrew from the project amid debts to suppliers and local communities. Diaz stated that any new operator must honor existing service agreements with community-owned companies in the area. Oil firms in the Peruvian Amazon often face conflicts with indigenous communities demanding local jobs and greater social investment. Petroperu expects the block to produce up to 12,000 barrels per day (bpd) within six months of restarting. That output could rise to around 21,000 bpd after the new operator completes a drilling program. PIPELINE TALKS Diaz also confirmed that Petroperu is in separate talks with PetroTal to renew a contract for crude transport through the Northern Peruvian Pipeline. The 1,100-kilometer (684-mile) pipeline is currently operational but sits idle without any active contracts. PetroTal, which operates the nearby Lot 95, previously stopped using the pipeline due to repeated shutdowns caused by attacks on the infrastructure, opting instead to ship its crude by barge to Brazil. "A new crude transport contract will be positive and make Petroperu's pipeline profitable," Diaz said. Petroperu posted a first-quarter loss of $111 million, improving on a $183 million loss from the same period a year earlier. Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
TSX Penny Stocks With Market Caps Under CA$200M
As we head into the second half of 2025, the Canadian market is navigating a landscape shaped by ongoing tariff and trade negotiations, which could influence economic growth and inflation. Despite these uncertainties, the potential for positive economic growth remains, especially as both Canada and the U.S. are largely service-driven economies. In this context, penny stocks—often representing smaller or newer companies—continue to be an intriguing investment area due to their potential for significant returns when backed by strong financial health. Name Share Price Market Cap Financial Health Rating PetroTal (TSX:TAL) CA$0.69 CA$640.24M ★★★★★☆ Orezone Gold (TSX:ORE) CA$1.24 CA$665.6M ★★★★★☆ Dynacor Group (TSX:DNG) CA$4.40 CA$189.71M ★★★★★★ Findev (TSXV:FDI) CA$0.445 CA$12.6M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.77 CA$518.93M ★★★★★★ Automotive Finco (TSXV:AFCC.H) CA$0.89 CA$17.44M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$2.26 CA$98.22M ★★★★★★ Intermap Technologies (TSX:IMP) CA$2.19 CA$125.23M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.95 CA$185.99M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.00 CA$5.65M ★★★★★★ Click here to see the full list of 890 stocks from our TSX Penny Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Psyched Wellness Ltd. is a health supplements company that produces and distributes mushroom-derived products and related consumer packaged goods in the United States, with a market cap of CA$8.66 million. Operations: The company generates revenue from its Vitamins & Nutrition Products segment, amounting to CA$0.64 million. Market Cap: CA$8.66M Psyched Wellness Ltd. is a pre-revenue company with CA$0.64 million in sales, facing auditor concerns about its ability to continue as a going concern. Despite having no debt and sufficient short-term assets (CA$6.7M) to cover liabilities (CA$234.9K), it remains unprofitable with increasing losses over the past five years at 14.7% annually. The stock's volatility is high, yet stable compared to previous periods, and shareholders have not faced significant dilution recently. A recent pilot for a new dietary supplement may offer future revenue potential if successful in consumer testing and market launch preparations are completed effectively. Unlock comprehensive insights into our analysis of Psyched Wellness stock in this financial health report. Review our historical performance report to gain insights into Psyched Wellness' track record. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Sailfish Royalty Corp. focuses on acquiring precious metals royalty and streaming agreements, with a market cap of CA$185.49 million. Operations: The company generates revenue of $3.07 million from its royalties and stream interests. Market Cap: CA$185.49M Sailfish Royalty Corp. has a market cap of CA$185.49 million and is not pre-revenue, with US$0.59 million in revenue for Q1 2025 despite a net loss of US$0.075 million compared to the previous year's profit. The company benefits from its 2% net smelter return royalty on Mako Mining's El Golfo area, where promising drill results have been reported, potentially enhancing future cash flows and resource expansion opportunities. While Sailfish's earnings grew significantly last year, its forecasted decline in earnings presents a challenge alongside limited interest coverage by EBIT and dividends not well covered by earnings or free cash flow. Click here to discover the nuances of Sailfish Royalty with our detailed analytical financial health report. Understand Sailfish Royalty's earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: NeoTerrex Minerals Inc. is involved in the evaluation, acquisition, and exploration of mineral properties in Canada with a market cap of CA$14.96 million. Operations: NeoTerrex Minerals Inc. does not currently report any revenue segments. Market Cap: CA$14.96M NeoTerrex Minerals Inc., with a market cap of CA$14.96 million, is pre-revenue and focuses on mineral exploration in Canada. The company has no debt and maintains a cash runway exceeding one year under stable conditions. Recent announcements highlight fully-funded exploration plans targeting rare earth elements across several projects, including Mount Discovery and Galactic REE projects, leveraging favorable tax incentives. Despite its unprofitability, NeoTerrex's strategic focus on critical minerals positions it for potential future value creation pending successful exploration outcomes. However, the stock remains highly volatile with significant price fluctuations observed recently. Navigate through the intricacies of NeoTerrex Minerals with our comprehensive balance sheet health report here. Explore historical data to track NeoTerrex Minerals' performance over time in our past results report. Click through to start exploring the rest of the 887 TSX Penny Stocks now. Ready To Venture Into Other Investment Styles? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CNSX:PSYC TSXV:FISH and TSXV:NTX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
19-06-2025
- Business
- Yahoo
TSX Penny Stocks To Watch In June 2025
As we head into the second half of 2025, the Canadian market is closely watching developments in tariff and trade negotiations, particularly between the U.S. and China, which could influence economic growth and inflation. In this context of evolving global trade dynamics, investors might consider exploring opportunities beyond well-known stocks. Penny stocks—though an older term—remain relevant as they often represent smaller or newer companies with potential for growth; when backed by strong financial health, these stocks can offer surprising value and stability amidst broader market uncertainties. Name Share Price Market Cap Financial Health Rating PetroTal (TSX:TAL) CA$0.70 CA$640.27M ★★★★★☆ Orezone Gold (TSX:ORE) CA$1.26 CA$692.02M ★★★★★☆ Dynacor Group (TSX:DNG) CA$4.49 CA$190.13M ★★★★★★ Findev (TSXV:FDI) CA$0.44 CA$12.46M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.78 CA$532.24M ★★★★★★ Automotive Finco (TSXV:AFCC.H) CA$0.88 CA$20.61M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$2.29 CA$96.08M ★★★★★★ Intermap Technologies (TSX:IMP) CA$2.19 CA$119.51M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.94 CA$184.07M ★★★★★★ McChip Resources (TSXV:MCS) CA$0.99 CA$5.02M ★★★★★★ Click here to see the full list of 889 stocks from our TSX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Canaf Investments Inc., with a market cap of CA$16.60 million, owns and operates a coal processing business in South Africa. Operations: Canaf Investments Inc. does not report any distinct revenue segments. Market Cap: CA$16.6M Canaf Investments Inc., with a market cap of CA$16.60 million, demonstrates financial stability through its short-term assets (CA$14.1M) exceeding both short-term liabilities (CA$3.4M) and long-term liabilities (CA$8.5K). The company is debt-free, reducing financial risk, and has shown consistent earnings growth over the past five years at 29.3% annually, although recent growth slowed to 1.6%. Despite this deceleration, net profit margins improved from 6.7% to 7.6%. Trading significantly below estimated fair value suggests potential undervaluation, while stable weekly volatility indicates manageable risk levels for investors in penny stocks. Navigate through the intricacies of Canaf Investments with our comprehensive balance sheet health report here. Evaluate Canaf Investments' historical performance by accessing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Thermal Energy International Inc. develops, engineers, and supplies pollution control products, heat recovery systems, and condensate return solutions across North America, Europe, and internationally with a market cap of CA$24.24 million. Operations: The company's revenue is derived from its operations in Ottawa, generating CA$13.21 million, and Bristol, contributing CA$17.27 million. Market Cap: CA$24.24M Thermal Energy International Inc., with a market cap of CA$24.24 million, shows mixed financial health. The company has more cash than debt, but its interest payments aren't well-covered by EBIT. Recent earnings indicate a net loss for the third quarter despite increased sales over nine months to CA$22.96 million from CA$18.35 million last year. The firm secured significant orders, including a CA$930,000 GEM order and a CAD 1 million heat recovery expansion project, indicating potential revenue growth. Trading at good value compared to peers and industry suggests possible undervaluation for penny stock investors seeking opportunities in sustainable technologies. Get an in-depth perspective on Thermal Energy International's performance by reading our balance sheet health report here. Learn about Thermal Energy International's future growth trajectory here. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Westport Fuel Systems Inc. specializes in engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications globally, with a market cap of CA$69.31 million. Operations: Westport Fuel Systems generates revenue primarily from its Light-duty segment at $263.08 million, followed by Heavy-duty OEM at $24.82 million, and High-pressure Controls & Systems contributing $7.80 million. Market Cap: CA$69.31M Westport Fuel Systems Inc., with a market cap of CA$69.31 million, faces challenges typical of penny stocks, including ongoing unprofitability and concerns about its ability to continue as a going concern. Despite generating significant revenue from its Light-duty segment at $263.08 million, the company reported declining sales in recent earnings results—USD 70.96 million for Q1 2025 compared to USD 77.57 million a year ago—and reduced net losses from USD 13.65 million to USD 2.45 million year-over-year for the same period. While short-term assets exceed liabilities, long-term profitability remains uncertain amidst forecasted earnings declines and auditor doubts. Click here to discover the nuances of Westport Fuel Systems with our detailed analytical financial health report. Review our growth performance report to gain insights into Westport Fuel Systems' future. Explore the 889 names from our TSX Penny Stocks screener here. Seeking Other Investments? We've found 21 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSXV:CAF TSXV:TMG and TSX:WPRT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
06-06-2025
- Business
- The Market Online
A dependable dividend stock yielding over 10 per cent
The often ignored fact about high-dividend stocks, largely among retail investors, is that the underlying companies offering them are usually in some kind of trouble. Perhaps the stock recently tanked because of one too many earnings misses, causing the yield on the dividend to balloon. Perhaps capital allocation isn't management's strongest trait, and they're too scared to cut the dividend, despite profits being on a downward trend. Whatever the case may be, a high dividend is usually a red flag for due diligence to address, not a green flag to load up on shares. A company that bucks this trend is PetroTal (TSX:TAL), market cap C$586.09 million, Peru's largest crude oil producer, whose consistent dividend of over 10 per cent, distributing over US$130 million to investors since May 2023, rests on a solid balance sheet and income statements with a long-term runway. Through a financial lens, the company doubled revenue from US$150.23 million in 2021 to US$333.99 million in 2024, while almost doubling net income from US$63.97 million to US$111.45 million, respectively, and is guiding for continued profitability in 2025 (slide 13). Through a production lens, PetroTal has compounded output by a staggering 56 per cent annually since 2018, while growing reserves at 59 per cent per year, granting it an estimated 10.3 years of proven reserve life. Management is guiding for between 21,000-23,000 barrels of oil per day (bopd) in 2025, up from 17,785 bopd in 2024, with a dividend yield of 13 per cent more than covered by US$60 million in after-tax free funds flow. The company owns an estimated 114 million barrels in proven and probable reserves still to be extracted, which are valued at US$1.17 billion or US$1.89 per share, highlighting what investors gain exposure to for free at the current share price of only C$0.64. Guided by a management team well-versed in capital efficiency (slide 15) and the Peruvian oil industry, PetroTal's long-term runway to continue generating profitable growth and reliable income has no business trading at the lower end of its peer group on an enterprise value-to-EBITDA-basis (slide 47). If oil demand continues to climb through 2030 – as detailed in a recent report by The Oxford Institute for Energy Studies – supporting the consensus forecast of just over US$70 per barrel at decade's end, look for PetroTal stock to undergo a significant re-rating while rewarding investor patience along the way. Join the discussion: Find out what everybody's saying about this Peruvian oil stock on the PetroTal Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
