RE:RE:Valeura Energy Inc. Announces Q1 2023 Resultsas stated it was to backstop LCs probably uswd for all provurements and bonding since no one gives unsecured credit in Asia....opps misswd that in their planning idiots.
cyber37 wrote: As expected; no major surprises in this financial report but this was practically only for 9 days under VLE operations. No surprise with rather high operating costs of $21/bbl but even that is ok considering these are mature & offshore fields….plus with new production (if successful) this will come down.
All those proposed & ongoing infill drillings are also to be expected in aging fields; so nothing new here. Not sure how $US 49.9 million in debt came about but with current cash flow that should not be a major issue.
Potentially impressive is this…“positive comprehensive income for the three months ended March 31, 2023 of US$196.7 million or net income attributable to shareholders of Valeura of US$2.17 per share on common shares outstanding (equivalent to approximately C$2.93/share)”.
Whether before or after tax or operating expenses this number suggest very low P/E ratio at current share price….so much more room to go up.
G37