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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It 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), 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 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.


TSX:VLE - Post by User

Bullboard Posts
Comment by got2winon Oct 09, 2019 11:15am
177 Views
Post# 30211930

RE:RE:The Turkish Energy Forum Presentation

RE:RE:The Turkish Energy Forum PresentationI am long Vle and have bought some in the past in the 60 cent range. I was lucky enough to sell some just over $8 bucks. I hear some of these pie in sky numbers regarding a take over price for Vle and feel like I have to yell out, Don't count on it!! Anything is possible but realistically I'd expect a 3 or 4 bagger from here at the most.
I was in Abby Badwi's Rally Energy back in 2007. It was a darling energy stock back then. I heard take over numbers ranging from $20 to $30 dollars per share. Share holders did the math on the resource and came up with other wild buy out numbers.
The stock was trading in the mid $6 dollar range as I remember for the year prior to the buy out. The board of Directors sold it for a mere 15% premium. Buy out price was around $7.30 a share. I bet the Rally board of directors share price average was in 30 or 40 cents a share? 
We have a partner, Equinor and they may be the ones to buy us out. I'm sure since the partnership began, relationships have matured and blossomed over time between the two companies. So if I am correct Vle will be sold for what ever the board of directors deems appropriate and then they will move on. IMHO. 
'Im just trying to say dont stop dreaming, but be realistic as to where this may end when sold.  


Bullboard Posts