Valeura Energy Inc. VLERF

AOI financials out - VLE comparable

[windymayor1]

Same production - 20,000 bopd in 2023
AOI with $298 mm debt, VLE zero
AOI received  $175 mm divy in '23 from Prime
AOI Mkt cap $1B.
VLE due to pay divy in 2024 mkt cap $436 mm.
VLE  24-28,000 bopd to exit the year. 

We still have at least a double in the stock price to come! 

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[CravenMoorehead]

  VLE · 2P net present value before tax of US$616 million and US$429 million after tax AOI -  YE'23 reserves determination has delivered an after-tax Proved plus Probable reserves ("2P") NPV(10) valuation of $1,192 million (YE'22: $1,232 million)2. The change in 2P reserves valuation is net of total dividend payments of $175 million

[CravenMoorehead]

Actually updated AOI numbers out today. After-tax proved plus probable (2P) reserves valuation was US$1.19 billion, down from US$1.23 billion in 2022.

[windymayor1]

Declining reserves as VLE are increasing. AOI down 9% on the news.

[firstworld]

Roughtlu: AOI 400M shares $2.00 with net income $12bbl with zero risk & 100% ontime and on target delivery with 20+ year known production horizon with $100M investment plus multiple high potential prospects at advances stages.  VS VLE 100M shares $4.00 high risk and $4-12 bbl loss and 80% late and 90% target miss and 50%+ well production decline anually with $300M investment. The usual