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

Bullboard Posts

Comment by CravenMooreheadon Oct 17, 2018 12:10pm

65 Views

Post# 28819574

RE:RE:RE:RE:RE:Is VLE a buy now?

Agree Go, Hedge Funds are a different animal. They make consensus bets as a group and are willing to hold on till the end, and buy more if the price drops.
We have no mutual fund backing at all, aside from Canoe's energy fund, and that is different on a risk basis. We have no backing from institutional traders who take positions with their firm's money, its just "perceived" as being to risky.
We have 1 Fund with a big position, 3 with reasonable (1mm shares) positions. For Goodness sakes, Scott Lamacraft is the second biggest holder, and while he's a good guy, he's not really a big swinging d!ck. His Dad gave him most of his money.

We are underrepresented in my mind with Fund $$$, which make no mistake, is very godd news indeed.

Bullboard Posts

Sirios Resource discovers visible gold in Quebec