RE:RE:RE:RE:RE:Tax Loss CFI wouldn't say the market was expecting Wassana. Most were expecting news on the recent acquisition. The vessel has a capacity of 460,000 bbls, several months capacity at 3500 bopd. It's meant to stay put for a long time to take in oil while transfer vessels come and go offloading the oil and transporting to port. It should anchor nearby while the transfer buoy is repaired or replaced. No reason to leave.
The market has some news it's been waiting for. After hours Friday release was a sign something was wrong. Now we know and the doubt around the delay is gone. Wassana did not add much to the SP, look back at the chart. The Mubadala sent this stock flying and brought it back on the closing news. What matters now is the cash flow. We are in a show me the money situation.
Hardly anyone knows where to find Thailand production. We've been following it here, we know, but most don't. Any doubt around 21,000+ bopd has been removed. Two major risks gone, uncertainty around closing and uncertainty around bopd. The transformation and success of VLE depends entirely on the 21,000 bopd. The best part of the news is an even higher output then expected at 21,500 bopd. I believe that's what the market will focus on and I believe the market will like it. That has way more weight than Wassana. The market knows now that cash has been building and will continue to be rolling in, lots of it. A little math and a wow moment happens... CA$2.2 million revenue a day, half in the bank.
Wassana will get fixed and be up and running. No big deal. That's not the reason why people are invested in VLE. It's all about the Mubadala acquisition. Sell now and you will regret it.