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 > last ten years average price

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Comment by CravenMooreheadon Dec 28, 2023 12:21pm

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Post# 35802752

RE:RE:RE:last ten years average price

Carbonbull wrote: THe point is to stop fretting about spot , and think about average price obtained before hedging as the metric that drives equity. because the underlying average has a large atandard deviation around the mean (relative to free cash flow generation, ie a 30 dolar change in average price tends to wipe out FCF) if you have high debt .

VLE has no net debt and will in fact have net cash on hand unless management does an acquisition , which i cant see given the internal growth,

VLE is therefore a relatively safe oil bet .

Got ya, and completely agree.

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