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 bigreturn11on Nov 29, 2019 8:54pm

136 Views

Post# 30407800

RE:Technical Insight™

juvefooballclub wrote:

Bollinger Bands

2019 Nov 29DAILY

Short-Term Bearish

Volume 2,450,170

Close Price 1.29

Pattern Duration 1 week

Tells Me: Trading is overstretched and prices will turn around; watch for signs of reversal.

Im pretty sure that your bollinger band has no understanding of why the launch occurred today. Technicals dont work when there is material information to digest. Id trust your tech analysis if there was no news to accompany the big gain.

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