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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 RockLobster1on Sep 10, 2019 11:06am
169 Views
Post# 30112452

Shorts and shirts and squiggly lines...

Shorts and shirts and squiggly lines...I have bad news for shorts... Who value their shirts...

Been watching the chart... Waiting for a close or 2 over the 200 day moving average around 2.80.  It has been an excellent upper trendline limiting the long trend down to 2$

At 2$ and 2.20 we had a nice inverse head and shoulders.   Bounced up to 2.80 at the 200 day ma... Pushed back... But now really looks like we want to stay over it...

I agree this is news driven and fundamental, but it's an interesting and encouraging chart, just at the time that significant news is coming...

Sorry if I jinx it :-)

Bullboard Posts