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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

Comment by goldwatch69on Feb 16, 2023 1:39am
138 Views
Post# 35289061

RE:Some sage advise for management

RE:Some sage advise for management The cash flow is pretty clear in the PRs and the presentation.  It's a very simple estimate of US$30 million a month with some of it planned for capex as outlined in the presentation.  The rest can be retained earnings for acquisitions, investments and potential dividends.  There was a hint of dividends in the bot deal closing PR. Dividend or not, although more attractive, the bottom line is what counts and 2x cash flow is fair value period.  

The best sage advice for management i.e. directors is to stop selling shares. It's sending the wrong message.  Dumping 100s of thousands of shares at less than 2 bucks was just plain stupid.  He could've had a half million more at the high and a lot more going forward.  A trigger happy director is not someone that should remain on the board in my opinion.  
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