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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 SMlachakeon Jan 19, 2023 11:21am
240 Views
Post# 35233221

RE:Why dividend

RE:Why dividend I think this is key in order to attract all sorts of investors including those who hold stocks long for divided. Most analyst will even have divided paying stocks as a category since they know some potential investors are watching. Management here has proven that they don't need loads of cash to make great acquisitions and with around than 95M share (everything exercised), VLE does not need to spend crazy money to pay around .25 annually. Imo, they can do both and shore a really good sp in around 12 months from now even with 60-100M. And VLE should have more than that in the bank already, but lets wait for the deal to close to get the exact numbers and true picture.
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