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Independent Oil Gas

Independent Oil and Gas (ticker: PVA) is a pure-play upstream oil and gas company engaged in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company primarily focuses on the Mid-Continent and Gulf Coast regions.

Here is some general information about PVA, including its historical performance, earnings, and growth:

1. Historical Performance: Over the past five years (2017-2021), PVA's stock price has been volatile, reflecting the ups and downs of the oil and gas industry. However, the stock has generally trended upward since 2020, with a significant jump in March 2021.

2. Earnings: PVA reported a net loss of $2.8 million in 2021, a significant improvement from the net loss of $26.7 million in 2020. The company's revenue in 2021 was $74.9 million, up from $53.2 million in 2020.

3. Growth: PVA has been focusing on increasing its production and reserves through acquisitions and exploration activities. In 2021, the company completed several acquisitions, including the acquisition of properties in the Mid-Continent region, which added approximately 1.4 million barrels of oil equivalent (BOE) of proved reserves. The company's total proved reserves at the end of 2021 were 11.8 million BOE, up from 10.4 million BOE at the end of 2020.

4. Dividends: PVA does not currently pay a dividend.

5. Future Outlook: PVA's growth strategy focuses on increasing production and reserves, and the company expects to continue its acquisition and exploration activities in the future. However, the company's performance will be highly dependent on the overall market conditions for oil and gas, which can be volatile.

Note: The above information is based on publicly available data as of March 14, 2023, and is for informational purposes only. It is not intended as investment advice. Please do your own due diligence before making any investment decisions.