RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-startcyber37 wrote: While true that tax loss ‘season’ & a general market sentiment coupled with low oil price could be a factor in VLE share price cave-in; IMHO most of it is the lack of confidence in company’s management. Share price is all about the future potential. VLE acquisition in Thailand needs ‘strong hands’ – knowledgeable oil & gas experts to build on those aging assets.
I’m a long time shareholder and have almost given up on this outfit until this acquisition - but here we go again. It appears that market shares my less than positive sentiments about this outfit. Is this the case of fool me twice?
G37
Oil is 27% of its highs, VLE is 34% of its high. This would make sense as it is a rather leveraged play on oil price. To bring management into this sell off is completely invalid and frankly, something I would expect Firstworld to infer.