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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 AndyPapon Aug 09, 2019 6:50pm
218 Views
Post# 30013329

RE:RE:News and update on Monday

RE:RE:News and update on MondayHi Viking,<br /> I will give you our rational why the news is likely to be on the positive side.<br /> We are not speaking for anyone and not offering investment advise.<br /> Rational for positive share price appreciation:<br /> 1. Following the price explosion in 2017 the price consolidated to October 2018. The &ldquo;water&rdquo; production issue caused the price to form an ending diagonal over 10 month period to July 2019.<br /> 2. Any issues would have had a chance to be reflected in the stock price over this 10 month period. No company can keep secrets for this period of time.<br /> 3. An ending diagonal forming over an extended period of time is a powerful technical analysis formation indicating a bottom is at hand.&nbsp;<br /> 4. Over the last couple of weeks following the recent low we had a smart recovery that is not complete yet. Another leg up is most likely.<br /> 5. The risk is that the ending diagonal may not be complete and we may reach another new low.<br /> 6. Following the termination of the ending diagonal pattern the price will recover fast to the start of the ending diagonal pattern which is around the 4.80 mark (around October 2018). This is our expectation and first price target.<br /> 7. The downside risk we would estimate at 20%.<br /> 8. We have no more information than what is in the market right now and we offer no investment advise.<br /> <br /> Glad to hear your comments.<br /> AP<br /> <br /
Bullboard Posts