Bullboard - Stock Discussion Forum Valeura Energy Inc. VLERF

Primary Symbol: T.VLE

Energy Oil & Gas E&P

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora... see more

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TSX:VLE - Post Discussion

Valeura Energy Inc. > Nice

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Post by Toppicks1 on Oct 31, 2023 8:24pm

Nice

8.5% move on good volume. Bodes well for rest of the week. New 52 week high with a lot more to come story is getting better and better. I think the new 5000 barrels a day must be announced soon. Would be really good if they have the tax free agreements worked out. Something big is a brewing. Gonna be fun to watch it start jumping by 60 70 cents per day it's coming.

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Comment by energee on Oct 31, 2023 9:10pm

I agree with your comments. Assuming they bring Wassana back on shortly, with 20K-25K bopd of high valued production going into YE, new reserve report being built, other deals in the works, market attention growing. Based on recent CDN deal/valuation metrics on a $boepd basis (deals happening at $22K-$35K flowing boepd) this should be pointing towards $5 CDN in the short term.

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