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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 > WTI perspective
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Comment by firstworldon Dec 07, 2023 2:53pm
192 Views
Post# 35773647

RE:WTI perspective

RE:WTI perspective
Carbonbull wrote: Befoe freaking out on WTI below $70 , take a minute and calculate the average price for the year on a rolling weekly basis , translate that into impact on cash flow metrics , then ask yourself the reasonable range for 2024 foward strip IMHO it is between $70 and $85....calm down trade with knowledge and informed opinion.


VLE is a spot market seller ...too bad they didnt hedge at $85 when they were bragging about avg price $87.

They are on track for $20M Q4 loss on oil price alone nevermind extraordinary Ms in bounses and higher than expected opration loss per the usual mumble jumble incompetence.

They mey be debt free but the have $350M bonded remediation liability which is just long term debt in all praftical senses..

total SP crash
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Dealroom for high-potential pre-IPO opportunities