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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 > The set up...Wink Wink...
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Comment by BERationaleon Aug 17, 2023 11:21am
188 Views
Post# 35592927

RE:The set up...Wink Wink...

RE:The set up...Wink Wink...Agreed the fundamentals look strong. At on $80/bbl brent price they generated CAD$95mm of cash flow a quarter or CAD$380mm annually on CAD$220mm of capex ... equates to CAD$160mm of free cash flow. Together with CAD$120mm of current cash is CAD$280mm of cash by Q2 2024. On a CAD$220mm mkt cap that would equate to a NEGATIVE EV of CAD$60mm. 
Another way to look at it is CAD$160mm of free cash flow at a 5x multiple (again this is not cash flow it is free cash flow which commands a higher multiple) equates to a $8.00 share price. 
I am long again... just needed to wait to see the quarter... 
Where did Nozz and Hannamuk go?! Let's get some real posters on here again!
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Dealroom for high-potential pre-IPO opportunities