Valeura Energy Inc. VLERF

Positive news ,now two major institutional holders

[Carbonbull]

as the infromed shareholder base grows , we will start to trade at a rational economic ratio , my best guess is to tend towards 2.5 times ev/cf.  this implies a rather substancial upside.  fingers crossed cetainly better then holding the bag on CPG

[goldwatch69]

Good one, Carbon.  Helps to forecast a bit using information at hand. I've been using US$50 million FCF per quarter given a US$90 bbl price and 20,000 bopd. To simplify, let's lower the numbers to CAD. In Canadian dollars, current estimated value and ratio in my opinion is: $400 million market cap $200 million cash by year end Zero debt EV = 400mm - 200mm = $200 million  Free

[Carbonbull]

Great back of envelope calculation thank you , I can find no fault in the calculation. The big question is at reserve calculation does the multiplier increase to 4 .  ibelieve if the company demonstrates life of field extension to 2032 the FCF will attract a significant multiple , Drill Baby Drill. Acompany like VLE with a competent mgmnt team will attract very unique acquisition