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

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Post by goldwatch69on Feb 15, 2024 5:49pm

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Post# 35882994

Classic cup and handle breakout in the chart

Breaking the 52 week high resistance will bode well for analysts targets... which frankly should be revised upwards. There is enough material change to warrant higher SP targets.

Resistance is at 4.20 to 4.25. Let's see if we break $5 in the next 3 trading days. This is a classic cup and handle breakout. See the chart for yourself from Dec to Feb. Looks a bit like the Big Dipper up until today's breakout.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?