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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

Comment by firstworldon Feb 08, 2024 8:22pm
119 Views
Post# 35871406

RE:Bailey Gifford increases to 16.68%

RE:Bailey Gifford increases to 16.68%
Chincy1 wrote: As of January 31, 2024, through certain funds and discretionary accounts managed by Baillie Gifford, Baillie Gifford had control or direction over 17,170,061 Common Shares, representing a security holding percentage of approximately 16.68%, assuming approximately 102,954,825 total issued and outstanding Common Shares.

Base cost is $5 share for BG this will help them avg down to about 4 now.

If they stopped buying along with Thai junta proxy SP  support is gone aside from usual algo bolumes.

$20M Q4 loss news will drop it to $1.85 -2.60

I did have a great swing trade 100K shares over last 4 weeks almots made 1.00 share!! 

I would say the usual pre earning pump is over time to dump and buy back at 2.70 or so.

For all newcomers note VLE team is 100% failure record most recently on Thzi with two di,utions (20%) weeks after "non dilutive" statement on the deal, two accidents i pairing 20% of production for nearly a year, multi month delay on storage vessel, twice huge cost over runs in last 12 mths, and Q3 loss $8M with 85 oil.

Gable only what you can afford to lose haha.
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