Valeura Energy Inc. T.VLE

BG lowering their exposure?

[GeoSkeptic]

On sedar I notice that Baillie Giffard have been lowering their exposure here. Not a lot but dropping their holdings from 14,362,768 to 12,947,502 million shares as of 28th February 2023. A drop of 2.42% in their holdings. (They bought these shares originally at $5.70 way back in 2018).

I believe some of the weakness has come from this "lightening up." 

It would be nice if they had some kind of NR explaining the delays and an updated time frame of when they expect to commence the restart of production at Wassana - and the plans for the newly acquired Mubadala properties to try to halt the known rapid production declines on these G of T fields?

[jollynik6]

Firsworld     ON IGNORE    SUCH A LOSER

[firstworld]

remember I'm the one funding the govt supports you rely on to pay your cellphone bill LOL

[happygal17]

Damn paper route pays good these days.

[firstworld]

LOL thats pecuase the papers get $200M yr from taxpayers to spew their Bandera Reich and commhnist psyops to Capti e Canadians.....of course paper delivery pags more than a brain surgeon with 20 hr week work cap hahah

[firstworld]

It means they have zero confidence in VLE execution.  Divesting 2.42% is just the beginning of their exit because this is not a material amount in any context, other than a part of complete VLE divestment,  especially considering they are typically a long term 10-20yr+ investor. They already got burned $50M and mentioned in their purchase release in 2018 the stock could go to zero.

[SMlachake]

BG notes on Sedar are old news now, I see you note declines of Mubby wells, but somehow forgot to read about all planned infill. Interpreting December production numbers, posted earlier here don't seem to show the sung decline. Just an old song with no substance. Anyways, maybe it's a good time to sell. Q1 has less than 3 weeks to now, this deal is closing, and with it cashflow of about 50

[goldwatch69]

The idiot is full of it. There is no decline. January production numbers are inline with expectations and higher than December as I posted today.  Don't waste your time on the human trash here.  Not worth the time and effort.