Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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

Valeura Energy Inc. > Flag formation with breakout looming

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Post by goldwatch69on Apr 15, 2024 3:12am

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Post# 35988737

Flag formation with breakout looming

Stellar news again from this great management and operations team! They obviously know what they are doing.

Consolidation in a flag formation has appeared in the chart and with the new discoveries, another breakout is looming as everyone knows that EV is still way too low, rerate is still in the works and now even more oil is present. These fields are endless!

Comparing the far right of the yearly chart
Stockwatch VLE

to a typical flag formation with diminishing volume

Investopedia Flag Formation

spells consolidation without a dip, pausing for a rally or another breakout.

"Usually, there is a surge in volume as the stock builds the flag pole. Volume then tapers off precipitously as the stock price consolidates. The breakout from the bull flag often sees another increase in volume, although volume may not increase dramatically." Source: Investopedia

With recent Q1 cash flow of over CA$50 million in FCF and increasing production, year end cash position may be well over CA$500 million positioning VLE as a potential unicorn stock at CA$1 billion by year end. EV over cash flow should reach a minimum of 2 in my opinion.

Onwards and upwards!

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