RE:RE:August 29 - VLE 6M Target: $15 -$23 CDNSV,
It is interesting that the below forecast was discussed in the past. Do you have any links?
As for the S
P suppression efforts, there are many parties that want to see the price kept low. Even some of the bb commenters may well be part of the suppression efforts. AP
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August 29 - VLE 6M Target: $15 -$23 CDN
August 29, 2019
VLE 6M Target: $15 -$23 CDN This is not investment advice Our target for the next 6 months to the end of February 2020 is in the range $15 to $23 CDN.
- Our earlier analysis showed that we have broken out of an extended ending diagonal and a year long corrective wave.
- In our estimation we are now in a third Elliott Wave up. This normally runs in the range of 1.6x to 2.6x wave 1.
- Wave 1 was approximately $8.00. We expect the third wave to run 1.6x$8 to 2.6x$8 or $13 to $21 range.
- From a starting point of approximate current price of $2 we have an approximate range of $15 ($13+$2) to $23 ($21+2) VLE share price.
- The fundamentals support this potential valuation (10tcf unrisked resource, testing of promising zones, additional drilling, potential drilling in neighboring lands, potential secondary offering and marketing of the play )
- At a $20 VLE share price the overall play is valued at approximately $6 billion, which is a reasonable valuation with the information that is available right now.
- Downside risk remains to below the $2.00 level.
- As the trading volumes for VLE shares remain low we are likely to see high volatility.
AP