RE:RE:RE:RE:Residual Book Value ex $0.40Valeura has $54 m in cash and looking to acquire producing assets in all areas outside NA.
POE is one of those targets in my opinion .
Its not ideal due to limited Reserve life, but it does flow cash .
So, if they can pick up those Reserves in the $25 range, then we can have our cake and eat it too.
Its a logical supposition on my part and the price justifications are mine.
VLE is totally risk averse and should give a double or more on the right news.
I don't see the POE stub offering such an upside and certainly not at $0.90.
This stock is shorted too.
They Will naked short and wash trade it down before covering.