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

Post by THEMILLIONon May 02, 2019 2:59pm

107 Views

Post# 29702432

Close to year low

Low volume trading. I wish to buy more, but this could go lower in the near term.

Too much bearish sentiment in this stock, especially by people who claim they don't have any position in the stock. This is usually a contrarion indicator to start buying.

If VLE had nothing, then there would be no need to list the stock in London.

The downside from this point is pretty low. We might go to$1 if things are not feasible, but on the other hand, we will go to $10 plus if what we think is down there is GAS!

TM

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