Valeura Energy Inc. T.VLE

Like Pushing a Rope

[energee]

Page 3 from MD&A
“The sharp rise in global oil prices and regional natural gas prices throughout 2021 and into 2022 from lows in 2020 is making it more challenging to close M&A transactions.”
 
From News Release dated March 31, 2022
"In the nearer-term, Valeura intends to leverage its strong financial position toward growing by way of mergers and acquisitions ("M&A"). The collective international experience of the Company's management and board defines a broad focus area, including jurisdictions with
significant deal flow and expected relatively low competition for assets. Valeura is actively pursuing several M&A opportunities, targeting near-term production and cash flow, plus follow-on investment opportunities to enable mid-term growth. The company remains in discussion on several opportunities and will disclose further details in due course as appropriate. The company remains squarely focussed on only executing transactions that will generate material value for shareholders."
 
From Page 4 of Investor Presentation
"Cash in Q1 2022 ~C$0.59/share"

Hard to do a deal when your currency is undervalued stock. A reverse takeover makes more sense and hopefully this management group is left on the curb.

[whothe]

I too hope they are left at the curb,  What a bunch of useless t.its.  Talk about stating the obvious.  Sell at the low buy at the high and reward yourselves year after year with high salaries and bonuses while your stockholders are left to flounder. Good work if you can get it.

[Welldone777]

again some financials and quarter results which give us a clear message .... they are good in burning the cash they got from selling the asset at the most ugly timing ... while they get salaries of 1.4 mil. USD p.a. !! WE NEED A CHANGE !! what a mess here... "Valeura's Q2 2021 cash position at $42.6-million (U.S.)" / "Valeura's Q3 2021 cash position at $41.7-million (U.S

[Fairshare]

General and administrative expenses: 5,116 million USD !!! 6 full time in Calgary and 2 in Turkey

[AndyPap]

The sale of the property at the low price environment raises serious questions, especially when you consider that the parties they sold to are prior business associates.

[AndyPap]

I don't think anyone is surprised that it is more challenging doing an accretive merger at high oil prices. What is surprising is that incompetent Sean Guest remains the CEO of Valeura.