RE:RE:RE:RE:$90 Oil ??cyber37 wrote: Why?....track record; looking back at Thrace & even this ‘scavenger’ Thailand acquisition. I felt in love with the concept of the unconventional yet huge prospect in Thrace – which I still hope is still on. Here, it needs to be said that at that time Mr. S. Guest didn’t have ANY skin in the game – not confidence inspiring…no. BUT, VLE was spending other peoples’ money so that was OK, right?
Well, without dwelling too much on the past we move to this acquisition (Thailand). I feel a bit better this time around since Mr. S. Guest bought few shares on his own; I like that. BUT, paying $10 or 20 millions for 20k of oil production came with ¼ of a $billion in abandoning liabilities & quickly declining production. If deal looks ‘too good to be true’ it likely isn't. One can only hope that Wassana deep is that elephant in hiding.
Well, for me a long time shareholder Velura still needs to proof its’ abilities on the field rather then throw few slick ideas around on power point.
Yes; it’s a serious question.
G37
I know for a fact that Sean Guest is not an idiot. He has more information than any of us, and he keeps buying with his own capital. Since he took over the Thailand operation some of his senior officers that he inherited are also buying into their new employer.
All of us long haulers want this thing to bang, but this stock is shaping up to be a 30% per year grower. They have done the heavy lifting. I'm very happy where we are. And if they find another similar deal to add value that's awesome. But where we are now, we hit $5 in a year or two and $8 around 2026. We may just double down and make twice this amount.
I own lots of Google in my rrsp, they will own the AI space, but Valeura will crush them from here on an roi basis.