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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

Comment by nozzpackon May 05, 2022 3:16pm
92 Views
Post# 34659764

RE:The FED…QE to Eternity coming

RE:The FED…QE to Eternity coming The market is just now seeing that the US like EU is already in recession.

Not rocket sense when high inflation , combined with wages increasing less than inflation , that disposable incomes are shrinking rather rapidly.

House prices are falling, consumer goods companies are missing expectations , and a true unemployment rate that is nearer to 20% than 4% .

So, the clueless FED raises rates among all of these negative statistics which will accelerate the depth of recession .
So, no other choice but QE eternity which will accelerate the demise of the USD and the rise of commodity ( value ) based national currencies.

Oil will do very well in this situation..
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