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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

Post by goldwatch69on Apr 18, 2023 6:32am
238 Views
Post# 35399891

HA HA! Cup and handle breakout looming!

HA HA! Cup and handle breakout looming!
Funds from Operations (FFO) of US$105 million = CA$140 million or roughly CA$1.40 a share or CA$2.40 on an annualized base (5 more months added)!! Hallelujah!  Going forward, With growth and tax losses, this stock should easily surpass 5 bucks a share on it's way to 10!
 
"At completion of the Mubadala Acquisition on March 22, 2023, the acquired entity held cash and cash equivalent resources of approximately US$243 million. After accounting for, among other things, the impact of inventories, accounts payable, and tax liabilities, the increase in Valeura's adjusted net working capital position as a result of the Mubadala Acquisition is estimated to be approximately US$105 million."


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