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. > Market cap equals revenue

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Comment by bfwon Mar 30, 2024 11:33am

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Post# 35961031

RE:RE:Market cap equals revenue

You certainly hit on some bearish talking points.

The bullish response would be:

1. 2P NAV is expected to jump again in 2024

2. Tax integration expected by mid year

3. Further exploration upside from some new high risk, high impact drilling

4. Oil price expected to grind higher due to OPEC+ compliance and summer driving season demand

5. Possibility of share repurchase +/- dividend

6. Possibility of another transformational transaction

7. Expansion of bull market to deliver higher valuation metrics to energy companies

The reality is the market is aware of your points and mine and currently is revaluing VLE higher based on ongoing management execution.