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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Energy Oil & Gas E&P
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

Valeura Energy Inc
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Comment by theSwede99on Sep 25, 2018 12:20am
151 Views
Post# 28683033

RE:Short position

RE:Short positioncannibals!

Short covering may also happen on an involuntary basis in the case of stocks with very high short interest, which may subject short sellers to a “buy-in.” This term refers to the closing out of a short position by a broker-dealer if the stock is extremely difficult to borrow and its lenders are demanding it back. Often times, this occurs in stocks that are less liquid with fewer shareholders.
 
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