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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 Dec 15, 2018 8:39am
155 Views
Post# 29119305

Share Price /short

Share Price /shortI believe the shorted shares are some kind of edges, they are not naked shorts, it would be suicidal.

The weakness is due to risk off market. Volume is low, this tells me it is the retails that are selling, they are loaded up and may want to reduce their exposure in this down market. The tutes are acumulating as cheap as they can.

This does not change the investment thesis. This is a huge resource and I am convinced that at 3 times the realized prices that the US Bcga gets, with the same unconventional techniques as them, it will be proven economical.

I do not know what the share price will be short term, but as the apraisal phase progress, the value of the play will become evident and the sp will rise accordingly.

We just need to be patient and not be scared by the sp action. It can spike any day.


 
Bullboard Posts