RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-startCravenMoorehead wrote: cyber37 wrote: While true that tax loss ‘season’ & a general market sentiment coupled with low oil price could be a factor in VLE share price cave-in; IMHO most of it is the lack of confidence in company’s management. Share price is all about the future potential. VLE acquisition in Thailand needs ‘strong hands’ – knowledgeable oil & gas experts to build on those aging assets.
I’m a long time shareholder and have almost given up on this outfit until this acquisition - but here we go again. It appears that market shares my less than positive sentiments about this outfit. Is this the case of fool me twice?
G37
Oil is 27% of its highs, VLE is 34% of its high. This would make sense as it is a rather leveraged play on oil price. To bring management into this sell off is completely invalid and frankly, something I would expect Firstworld to infer.
Fact is mgmt have not fulfilled anything they state or infer from "non dillutive" to budgets to production. The only thing they pulled off on time was the five star move to Singapore 1000 miles away from only cash flowing asset haha.
One cannot simply bury serious misses like the emergency $20 M they needed and diluted SH 20% to buy the remediation bonds or the constant cost over runs, productipn misses, accidents, late project deliveries over last 7 years.
The optics of Singapore golden expat packages for executive team 1000 miles away from.cash asset couldn't be worse.