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.

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Valeura Energy Inc > Decison Time

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Comment by cyber37on Apr 04, 2024 4:20pm

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Post# 35971273

RE:RE:RE:RE:Decison Time

VLE stock went outside Bollinger Bands (Bollinger Bands are created by plotting the standard deviation around a moving average and are expected to capture approximately 95% of all price action.) so it needed to correct. I use 25 days & 2 times standard deviation to plot bands for VLE. Just having fun here since I do not day trade but I found that VLE follows those bands religiously.
I don’t think there is anything to be concern here as this is just a healthy adjustment & return to a ‘normal’ trend for a growing outfit like VLE.
G37

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