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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Energy Oil & Gas E&P
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

Valeura Energy Inc
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Post by Gringottson Aug 15, 2023 3:00pm
278 Views
Post# 35589580

Quest que se...? Wow!

Quest que se...? Wow!
"Thanks to the Thai acquisitions, Valeura is now a 22 kboepd producer with more than half a billion dollars in revenue, and there has been a 400% increase in share price since 2022. Valeura paid just $20 M cash for this result. Skeptics can opine on the high opex or decommissioning liabilities, or the low - at least official - reserve life on the surface (more on all this later), but it is undeniable Valeura is now a very large call option on oil as it has acquired cash flowing assets at just <4% of revenues.
 
The combination of these two acquisitions is interesting because KrisEnergy has $275M of non-capital tax losses left" + "Valeura's net cash will cover its market cap by year end, and 2024 could unlock another (almost tax-free) FCF yield of >100%. The stock is undervalued by 3-6 times."

 https://seekingalpha.com/article/4628346-valeura-energy-explosive-option-on-oil-as-its-journey-unfolds?mailingid=32398571&messageid=2800&serial=32398571.89&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=32398571.89
 
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