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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 also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Bullboard Posts
Post by Doubleneedon Jun 25, 2018 6:39pm
126 Views
Post# 28226874

Weekly chart

Weekly chartThe weekly chart seem very bullish to me. The Rsi bounced from the 50 level and is now at 54, the ADX green line almost touch the green ligh but bounced and is now in an uptrend, and the sto in the green signal teritory. 

I seem to me that the consolidation is almost over, the 60 cents holder have consolidated, the fear of the country risk has pretty much been sold, and the news season is aproaching.

$4.30 seems like a solid floor, I would like to see it trading bove $5.25.
Bullboard Posts