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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company is also pursuing organic and inorganic growth in Southeast Asia.


TSX:VLE - Post by User

Bullboard Posts
Comment by Dave4444on Jan 04, 2018 8:33pm
200 Views
Post# 27285806

RE:RE:The current price is going to look so low in the future.

RE:RE:The current price is going to look so low in the future.
Past experience tells me that predicting when is a mugs game.  I only use the analysis to tell me whether to buy or hold.  In this case my analysis told me to buy a lot at $1.15 and now it tells me to be patient and keep holding.

Patience, is what makes people money.  Warren Buffit has stated the market takes money from the impatient and gives it to the patient.  With interest rates on term deposits only 2 or 3%, I think it is worth having a little patience for a stock like VLE to reflect its full value.  I know in these times of ponsie schemes like crypto currencies and marijuana stocks rising to the sky, it is hard to have patience while  a stock like VLE with true value puts all of the pieces in place, but it will pay off eventually, whereas crypto currencies and marijuana stocks will eventually reflect their true values which are much lower than today's prices.  But JMHO
Bullboard Posts