Bullboard - Stock Discussion Forum 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... see more

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TSX:VLE - Post Discussion

Valeura Energy Inc. > Actus increases target from 6.40 to 8.50

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Post by RockLobster1 on Feb 20, 2024 9:45am

Actus increases target from 6.40 to 8.50

Valuation We have increased our production forecast to >20 mbbl/d in 2026 and to >17 mbbl/d in 2027. We have increased our Core NAV and ReNAV from respectively C$5.55/sh and C$6.34/sh to ~C$7.50/sh and ~C$8.50/sh. Assuming US$70/bbl for Brent in 2026, our YE26 net cash forecast is now US$530 mm (~US$410 mm previously) while YE24 net cash is unchanged.

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Comment by nozzpack on Feb 20, 2024 10:42am

Assuming US$70/bbl for Brent in 2026, our YE26 net cash forecast is now US$530 mm (~US$410 mm previously). Thats $725 million in CAD which is about $4 per share in cash . Grossly undervalued and ready to bulk up the share price to $7-8 for another niche acquisition that moves us over 30,000 barrels per day

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Comment by goldwatch69 on Feb 20, 2024 4:47pm

Finally! Took them long enough! Clearly VLE will be pumping over 25,000 bopd in a few months and there is obviously plenty of oil for years to come. Minimum 28,000 bopd by year end is in the way!

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