Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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.

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Valeura Energy Inc. > Nice Consolidation

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Comment by cyber37on Mar 27, 2023 2:12pm

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Post# 35362876

RE:Nice Consolidation

The chart suggests…..that stock is overbought since it is trading outside Bollinger’ bend (20,2); nothing drastic but the trend should get within the bend before mounting any substantial leg up. It is also over $3/share so if sustainable that will bring margin traders & as parasitic as they are this will bring more players & liquidity to this stock.
All is good but one can hope that all this nonsense with following tankers, counting revenue and exuberant yet ignorant speculations of astronomical cash coming in will subside & reality sets. VLE may have a futere but you 'can't rush a good thing'.
G37

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