Jun. 11 at 7:46 PM
$CSTPF BULLISH!!
Overview: Arrow Exploration Corp. is a junior oil and gas company focused on acquiring, exploring, developing, and producing oil and gas properties in Colombia and Western Canada, with a market cap of CA
$87.19 million.
Operations: The company generates revenue of
$78.83 million from its oil and gas exploration and production activities.
Market Cap: CA
$87.19M
Arrow Exploration Corp. has transitioned to profitability, with a strong revenue increase to US
$73.73 million in 2024 from US
$44.67 million the previous year and net income reaching US
$13.18 million after a prior loss. The company benefits from high-quality earnings, robust asset coverage for liabilities, and no debt burden, enhancing its financial stability amid market volatility. Recent operational updates highlight increased oil production and strategic flexibility in drilling activities on the Tapir Block in Colombia, supported by a cash balance of US
$25.1 million and no long-term obligations.