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Bullboard - Stock Discussion Forum Valeura Energy Inc. VLERF


Primary Symbol: T.VLE

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

TSX:VLE - Post Discussion

View:
Post by Overertune on Dec 12, 2023 7:51pm

Profits

I am reading their PowerPoint.

450 m revenue, 225m opex, 175m capex, 50% tax, how can they have any money left?
Comment by firstworld on Dec 13, 2023 11:53am
what profits?  They are usually 20-50% over budget and 20% +/- under revenue targets.....i project a $30-40M loss Q4 which brings them back to Dec 2021 cash level operating at zero loss......this is a 0.64 stock at best assuming $75 oil LOL. Its worthless if oil is $70 or less. Note that 10% of OPEX is executive compensation incl five start Singapore expat packages, exec jets and ...more  
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