Valeura Energy Inc. T.VLE

Research Capital target $8.25

[windymayor1]

Forecasts US$208 mm CF or $3.28 Cdn CFPS in 2023!

So trading at .5 x expected CF.

[nozzpack]

Their forecast of $208 million in cash flow for 2023 which is about $3,30 per share in CAD is very realistic . That CF multiple is 2,5 times annual cash flow which is my conservative base case. Investors have yet to realize just how transformative these acquisitions will be. Valeura will go very quickly from a microcap to a bulked up mid cap. Just consider what a $5 share price would do to their

[firstworld]

So it's declining from $30M mth to under $17M mth in a year?

[nozzpack]

Not really. They will spend some of that raw cash flow for infill and extensional  drilling in 2023. So, $208 million will be net cash flow after capex..

[goldwatch69]

Let's see what RC has to say after the offering closes. Everything is going as planned.