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.

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Valeura Energy Inc > Clearing out the deadwood

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Comment by nozzpackon Dec 08, 2020 5:35pm

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Post# 32063425

RE:RE:RE:Clearing out the deadwood

Cash is always discounted in the market cap.

By itself, it earns no ROC.

Invested, it will deliver that ROC.
I bought HWX just above its cash level.
It closed today at $2.12 which is a solid double for me and I see more gains ahead.

My call here is $1.25 to $1.50 once the deal is made and its metrics become comfortably known.

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Two micro-cap stocks with strong fundamentals