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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
Post by THEMILLIONon Sep 25, 2018 1:14am
253 Views
Post# 28683159

GMP /CORMARK

GMP /CORMARKGMP and CORMARK invested 60 million dollars into VLE back in Feb 2018. They knew that there would be no activity for months, but they stood up to the plate and put their money down. It is obvious that  they know more than U and I and I am sure they have experts who read the resource estimate in the Thrace back in Feb 2018, and found it positive enough to throw their money at it. This thing was trading at $8 post release of Resource estimate. What really has changed since then? Time horizon , impatient investors who are in the mindset of what have u done for me lately, Lira crash, Turkey economy being in the dumps.. etc.. 

If u were an experienced investor , u probably should have got out in Feb when stock was in $6-$8 range, KNOWING full well that no activity was going to be done till Q4 and the stock would slip down, where they could re-buy it cheaper. But on the other hand, another investor thinks there might be a chance of a quick buyout and holds the stock .. But I have realized over 15 years of trading that it's very seldom u get those quick buyouts.. Without any news, any stock will go down because the PSYCHOLOGY of the investor drives the stock price.. 

The best way to play this stock or any other stick you believe in is to have a core position which you don't touch provided nothing material has happened in the stock , and have a trading position which u buy and sell during the day or week.. 

I personally have bought as hight as $5.30 in my core position , and I have been trading 2000 shares for the last 4 months or so..

I fully expect our share price by end of November  , baring any foreseeable circumstances, such as delay in drilling or TRUMP impeachment or trade war , to be ABOVE $6 , which is 50% higher than today's price. I respect most of the board members here , except a few. Everyone please keep putting up knowledgeable posts. Our END GAME is the same and most of us are on the same page.

THEMILLION 
Bullboard Posts