GREY:SDRYF - Post by User
Comment by
flush777on Apr 13, 2018 12:09pm
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Post# 27879909
RE:this stock seems to have the same story of vle.to
RE:this stock seems to have the same story of vle.toNice chart for VLE ... and some similarities but a different country.
- Turkey is a captive natural gas market given that 99 per cent of its natural gas demand is served by imports. This provides an attractive marketing opportunity for a domestic natural gas producer. As Valeura's natural gas production volumes potentially grow beyond the limit of its owned infrastructure, there are multiple take-away opportunities. These include: a potential to tie in to a pipeline owned by Bori Hatlari ile Petrol Tasima Anonim Sirketi (BOTAS) just north of the Banarli lands; a tie-in to another BOTAS interconnector pipeline traversing Banarli and connected to an export line to Greece; and sales to the local gas distributor which currently offtakes gas from the BOTAS pipeline to the north.
- Natural gas prices in Turkey are strong. Valeura's average natural gas price realization in fourth quarter 2017 was approximately $6.61 per thousand cubic feet. On Jan. 1, 2018, the reference natural gas price set by BOTAS was increased by 14 per cent.