Valeura Energy Inc. T.VLE

Decison Time

[Carbonbull]

I have reached my short term price target , fighting the urge to take profit as it somehow seems that the market is starting to understand that reserve replacement is almost a given at reasonable cost.
Will have to take it day by day over the next time period if oil holds these levels the terminal value of this company is north of 2 billion dollars IMHO(assuming reserve replacement thesis). 

Risks to upside 
1) Bad acquisition
2) organic reserve replacement doesnt pan out
3) Oil price retreats
4) Remediation proves to be more challenging then model

Good luck to all never return without risk due diligence is always best done by yourself

[bfw]

Nice to see you are making some coin after I mentioned VLE on KEI board. Please compare EGY to VLE. The former trades for $7 US and has similar metrics. bfw

[savyinvestor333]

I was another one that jumped in here from the mention on the KEI Board. Got to say Thanks!

[windymayor1]

News should be out this month on the current Nong Yao D exploration drill. Prospective resource potential of 5-10 mm barrels and COS risk of 50%. I'll take those odds on an exploration well.  Stay tuned. 

[cyber37]

Not sure how or who came up with chance of success (COS) of 50% for this play but exploration risk is considered very acceptable when is from 3 to 7% ….so if credible this is very good. This sounds more like a development play with that kind of risk; but I’ll take it. Technically VLE stock is looking for a correction but company is making all the good moves & forging ahead still so I will wait

[goldwatch69]

If this helps, I'm holding. Too many bullish factors, all indications ar le pointing to a much higher SP.  This very different,  uncertainty removed,  much more stable, clear road ahead,  escalating oil price, no longer a penny stock,  in institutional 5 buck plus territory, big block trades, increasing production, reduced costs and liabilities, US$31 CFO per bbl,

[Carbonbull]

Appreciate your position, I will probably leg out over the next quarter unless OIL shifys and breaks $90 , looking at OSK as a lost stock that is ideally situated to benefit form a Major purchasing it. Liquidity is great in VLE and easy now to come in and out , unlike the old days when out was impossible. VLE will be on my screens for a long time to come.

[Bigpond]

Oil just touched $87 USD, I thought VLE will touch $6,  today. I guess I need to have some patience lol. GLTA 

[cyber37]

VLE stock went outside Bollinger Bands (Bollinger Bands are created by plotting the standard deviation around a moving average and are expected to capture approximately 95% of all price action.) so it needed to correct. I use 25 days & 2 times  standard deviation to plot bands for VLE. Just having fun here since I do not day trade but I found that VLE follows those bands religiously. I

[Carbonbull]

Its been my experience that Bollinger Bands work best when the underlying security exhibits an accretive style return profile , when a security is more episodic (return happens suddenly sharp upside or downside price action). They are useful , when a stock is episodice to ot trnd potential not mean reversion.  IMHO we see $7 to $8 before we visit a sub 4 handle again. Trade smart and safe the