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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

Post by Carbonbullon May 24, 2023 10:25am
228 Views
Post# 35461783

Watch out below

Watch out belowUnfortunately margin calls are possible and quite likely the source of selling over last few weeks , this for me sets up an ideal buying situation. however i never like the pain the charts show weak hands to strong hands .  The underlying fundementals (if you beleive managment assertions) are increibly strong , they just dont fit into current capital market valuation buckets of Growth or return cash to shareholders. Thus this will be an orphan until the company choses one of the baskets ,i personally favor growth!  the cycleis changing and shortages are only a quarter away.

Good luck out there , pay with cash and dont get shaken out of your conviction.
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