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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

Post by DocPaton Mar 30, 2023 6:24pm
694 Views
Post# 35370562

I remember when ..

I remember when ..I remember when I bought VET at $0.90 and sold it at a buck and a half in only a few weeks .. Boy, did I ever think I was smart. My annualized rate of return was off the charts! What a mistake. :(

The traders here remind me of this today. Those who bought at $1.80 and sold at $2.25 in just a matter of days must have been feeling pretty proud. And now it's $3.09 .. not so clever after all.

As I have said before, I have never seen a deal or set up like this. Along with the exceptional acquisition, the +- $100,000,000 in the bank and the high impact Thrace play in their hip pocket this certainly feels like VET in the early days .. only better. 

Time will tell, but with the runway they have already built ahead of them, this we remain a core holding for me for a long time.

All IMHO, DYOD

All the best to longs,


Doc.
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