Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Comment by BERationaleon Jun 20, 2023 8:47am
216 Views
Post# 35504798

RE:A Mispriced O&G Growth Story VLE

RE:A Mispriced O&G Growth Story VLEProduction metrics don't matter. Cash flow is king and this report is littered with errors unfortunately. "Management has provided guidance of $30 million per month in free cash flow from the Mubadala assets alone."  FREE cash flow is less taxes and capex. Taxes are upwards of 50% on certain fields and capex is ~$20mm a month. Managemnt guided to pre tax cash flwo fo $30mm a month but net of taxes and cash flow I am assuming this number is actually negative. 

Utilize the tax pools from Kris on Mubadala and push out the abandonment liabilities utilizing latest technology and we are back in business.

Sorry but it is a show me story and I would prefer to wait for the Q2 results to see what the actual free cash flow is. Judging by the negative PDP and in some cases 1P NPV's I think my assumption is correct but I hope I am wrong..
<< Previous
Bullboard Posts
Next >>