RE:RE:Great presentation from the conference wajac wrote: I lost money on VLE back when StatOil [Equinor] was involved in drilling the Trace
Basin. Got in too late when the share price had already appreciated considerably.
When StatOil did not renew their commitment the share price plummeted. So I sold
my shares and moved on. Rediscovered VLE last year, liked what I saw, and jumped
back in at at a good price. Sean Guest and his management team have done a great
job breathing new life into the company. There is lots of cash and no need for a
finicky partner that might get cold feet and bail. This version of VLE is a winner. There's
lots of blue sky here!
I had ocer 1M shares acquired at avg .40 when Equnior speculation bid price up to 7 I soldm all at avg 4.65.
I did buy back in 2020 avg .50 and have 600% return in 2023 on initial spike and multiple swing trades.
Sadly I see more operations and management fumbles than success from VLE this year which is high lighted by the total abscence of operational management in its listing country, Canada, with all mgmt on platinium expat packages in Singapore, the most costly city in the world.
I see them having to spend $400M year to maintain 20K bbl day and $3B year to get to 100K bbl day and $2B year toi maintain it, plus fund $1.5B clean up liabilities at least.