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 is also pursuing organic and inorganic growth in Southeast Asia.

TSX:VLE - Post by User

Valeura Energy Inc. > Dividend

<< Previous

Bullboard Posts

Next >>

Comment by Suppe11on Sep 20, 2023 7:51am

159 Views

Post# 35644838

RE:RE:Dividend

You both don't know, what you're talking about. If you search for an income vehicle, pick another stock.

These oil fields are past prime, and Valeura has debt of 30m with a 25% interest bill. They need growth capex for the Nong field, now they opened a new possibility for Wassana (-> infrastructure capex) and keep in mind the future abandonment costs (Wassan wasn't the problem here anyway).

There will be no divi this year and not for the forseeable future + any divi would be one of the dumbest move, that you can imagine actually.

<< Previous

Bullboard Posts

Next >>

A junior copper-gold stock trading at a bargain of monumental proportions