RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Successful Completion of Nong Yao Infill DrillingOverertune wrote: It is hard to understand their business models. I guess after a couple of quarters when everything is more predictable the forward PE should go to 2.
I hope the company give out 5-10% of dividends while working on the next acquisition. They don't have any debt to pay.
They neec to save USD 250M clean up costs. Assuming they allocate $50M yr to reserves theres only $20M post tax profit which is just over 5% of expenditure.
Nothing left to distribute.
Mgmnt needs build an empire legacy to establish managemnts individual and team value on the market after years of failure living large on SH backs so they can get a job when Thialand is done.
Canceling second rig is a reputaional blow and they better pray one rig does not break down in an era of multi month parts wait time.
Engineeers witnout post grad bhsiness and finance have zero business skills ....they need a qualified usiness team so SG and team can stick to engi eeri g and ops.