• TSX CVI.A
  • CAD 1.60
  • Change
  • -0.02
  • Vol
  • 26000
  • Day High
  • 1.60
  • Day Low
  • 1.60

Investors

Calvalley consistently and continually generate cash flow from its international operations. Common shares are listed on the Toronto Stock Exchange (TSX) under the symbol CVI.A.

Corporate Results & Highlights

Corporate Presentation

Corporate Results & Highlights

As at December 31, 2012, the Company had 94.3 million common shares outstanding. Additionally, there were 4.8 million options outstanding that were issued pursuant to the Company's Stock Option Plan (average exercise price - $2.84/share CDN).

Overall Performance

Net income for the year ended December 30, 2012 was $25.7 million ($0.27 per share) versus $21.3 million ($0.22 per share) for 2011 and represents a new record for earnings in the company's history. Working capital at December 31, 2012 increased $103.3 million from $75.4 million at December 31, 2011. Funds flow from operations for the year ended December 31, 2012 increased to $35.7 million from $27.6 million for 2011, also representing a new record.

Production for the year of 2,434bpd of crude oil also represented the highest annual average production level since 2007.

Investment Highlights

  • Self-funding operations (both exploration and development are internally funded);
  • Large reserves base with low historical cost structure;
  • Production characterized by high netback low operating cost production;
  • Crude oil price realizations close to quoted Brent pricing
  • Low risk development drilling opportunities to grow production;
  • Upside potential through focused exploration program;
  • Strong balance sheet no debt and large working capital position;
  • Shareholder alignment - management and directors hold approximately 25% of CVI's outstanding shares.
Calvalley employee taking a sample of condensate production at Qarn Qaymah
Calvalley employee taking a sample of condensate production at Qarn Qaymah
Why Invest in Calvalley?
Why Invest in Calvalley?
A solid ability to generate positive cash flow.
As at December 31, 2012, the Company had 94.3 million common shares outstanding. Additionally, there were 4.8 million options outstanding that were issued pursuant to the Company's Stock Option Plan (average exercise price - $2.84/share CDN).
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