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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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 field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Bullboard Posts
Comment by multicoreon Aug 10, 2011 3:56pm
301 Views
Post# 18927970

RE: Rule of Thumb?

RE: Rule of Thumb?2 ways of looking at it. There has to be a buyer to consumate the sale. All buyers believe they are going to make money.

Anonymous investors usually have millions of shares and are the only ones that professionals can go to get a large quantity of shares in one deal without disrupting the market.

Often Anonymous investors in a young stock like this were part of the underwriting team so in a sense they have a responsibility to distribute the stock - and from their end - make money at the same time. Yes, it is difficult to distinguish whether a stock is being distributed or sold for negative reasons but one has to keep an open mind to "distribution" and often that is a tip to buy because some investment professional at the other end is also buying.

It's a great time to get in if you have a time period of 3-5 years.


Bullboard Posts