Valeura Energy Inc. T.VLE

Valeura Energy Inc. Announces Q1 2023 Results

[Betteryear2]

First Quarter 2023 Results and Executive Leadership Changes

CALGARY, AB / ACCESSWIRE / May 12, 2023 / Valeura Energy Inc. (TSX:VLE) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, reports its unaudited financial and operating results for the three month period ended March 31, 2023 and changes to its executive leadership team.

Valeura Energy Inc. Announces Q1 2023 Results and Executive Leadership Changes (accesswire.com)

[cyber37]

As expected; no major surprises in this financial report but this was practically only for 9 days under VLE operations. No surprise with rather high operating costs of $21/bbl but even that is ok considering these are mature & offshore fields….plus with new production (if successful) this will come down. All those proposed & ongoing infill drillings are also to be expected in aging fields;

[energee]

Don't think OPEX is going down - they project something closer to $30 bbl.  Call was quite good, experienced people in place who know the assets and operating area.  Could take a few months to roll-up the subs in a tax effective manner. Time for them to market the story now that this news is out. 

[firstworld]

That 10% net afyer tax margon?  Its pathetic that they were so desperate for a deal they took this pitiful margon when 20-40% avail at home with far less politcal risk. They should all be arresyed and incarcerayed pending outcome of fraud trial relayed to " no dilution" then two emergency raises weeks layer to backsrop LCs.

[whothe]

Did someone at vle do you wrong or what? If the company is such a shltshow - why are you wasting so much of your valuable time and skills  here ?  

[Suppe11]

21$ so far is perfect...I guess they guided $30, because the Wassana stuff will probably have a higher opex in the beginning.

[firstworld]

as stated it was to backstop LCs probably uswd for all provurements and bonding since no one gives unsecured credit in Asia....opps misswd that in their planning idiots.

[Suppe11]

Still no re-entry Fw  haha ? What are you waiting for ? It's the free lunch of the decade (with oil flat/up, of course) and you know it... If oil shows any pulse, this one will fly Algo-instant.

[Allgood2go]

firstworld economics at a glance... May 10th - boasts "was good SP timing I picked up another 25k shares in 2.20s range." May 11th - speculates  "Hello $1.50 Just around the corner" May 12th - self identifies  ".....opps misswd that in their planning idiots." Enjoy the show :)

[Suppe11]

So he sold the earnings pop and now he wants to get in even lower...