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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 poopoopooon Feb 04, 2020 5:25pm
174 Views
Post# 30642440

lotta optimists on these boards

lotta optimists on these boards$8 people buying,$3 buy more, $1 doubled tripled position, $0.5 going to $1 soon, added some more, 36 cents.....
You guys shoulda been selling not buying......
You know like the insiders did way back.
Now, well yes they have cash on hand and some cash flow it all depends how fast they spend it or on what they spend it on.
At this point for a speculative stock with no significant assets other than the cash it has it is likely to bottom somewhere around here and likely to rally (a little, not a lot) once this selling runs its course.
Probably hold now if I owned it but still would not buy as a new investor.
Management credibility is shot and that takes a while to forget.

Bullboard Posts