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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 Suppe11on Apr 02, 2024 8:29am
114 Views
Post# 35964575

RE:RE:RE:RE:RE:RE:RE:Listened to Webcast on Sunday

RE:RE:RE:RE:RE:RE:RE:Listened to Webcast on Sunday Where did I spin the purchase negative ?

The stock swinged between 4.90-5.xx, so pretty easy, to miss the top. Btw. it's not about missing THE top exactly, roughly is enough. Anyway, according to your dreams, it's a buy every day, because it will go to C$ 10...if you think, you'll buy low now...go for it. I got another opinion, if I'm allowed to...you would buy the top (for some time).


Where did the company talk about the tax reorganization in the Q4 ? The only fact we know is: They're working on it and it would be a great catalyst. Is the reorganization possible ? Your guess is as good as mine, but fact is, that it's no fact so far.

Regarding oil...Imho it's the spring seasonality + some Geo. Brent may touch the $90ies, but it's not sustainable. We'll revisit the low 80ies in summer. Beside this, the NG price is so low, that the spread to oil is not sustainable...so either Ng has to go up (with exactly zero catalysts) or oil has to come done. I guess the latter (in June), we'll see.
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