Valeura Energy Inc. T.VLE

$6

[bfw]

Looking good as cash builds.

Not sure why we lost so many seemingly smart investors (BeRationale, Suppe, Carbonbull) etc.

When management continues to execute, the valuation is cheap and the cash builds, the only option is to stay long!

bfw

[Carbonbull]

I am still an investor in VLE , I have however sold down a portion as I indicated in a prior post , perfectly prepared to re buy with further reserve additions and clarity on tax position. Or a leg up on oil futures curve , Vle is one of my favorite names the management team has done a superb job in executing their vision!!! A number of funds are now buyers and liquidity is good .

[bfw]

Thanks for clarifying. The announcement this past Monday speaks to further reserve additions. The tax position should be clarified in the next month. However, with all the discoveries at Wassana, the tax breaks should be used up eventually anyway. Here's a recent interview that summarizes things well.... https://www.directorstalkinterviews.com/valeura-energy-strategic-acquisitions

[windymayor1]

Thanks for the interview link. Love the comment about the cash could equal the mkt cap. 

[goldwatch69]

Cash position could reach US$350 million by year end, almost CA$500 million.  Two times FCF would still be undervalued. A billion market cap would result in an EV to FCF of 1 which is ridiculously low based. Many have EV to EBITDAX of 2 to 3.  This low SP will eventually change. 

[goldwatch69]

[url=https://www.gurufocus.com/term/enterprise-value-to-ebitda/NSE:ONGC]https://www.gurufocus.com/term/enterprise-value-to-ebitda/NSE:ONGC[/url]

[goldwatch69]

https://www.gurufocus.com/term/enterprise-value-to-ebitda/NSE:ONGC