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 > Flag formation with breakout looming

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Comment by Toppicks1on Apr 17, 2024 10:55am

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Post# 35993719

RE:RE:Flag formation with breakout looming

firstworld wrote:
goldwatch69 wrote: Stellar news again from this great management and operations team! They obviously know what they are doing.

Consolidation in a flag formation has appeared in the chart and with the new discoveries, another breakout is looming as everyone knows that EV is still way too low, rerate is still in the works and now even more oil is present. These fields are endless!

Comparing the far right of the yearly chart
Stockwatch VLE

to a typical flag formation with diminishing volume

Investopedia Flag Formation

spells consolidation without a dip, pausing for a rally or another breakout.

"Usually, there is a surge in volume as the stock builds the flag pole. Volume then tapers off precipitously as the stock price consolidates. The breakout from the bull flag often sees another increase in volume, although volume may not increase dramatically." Source: Investopedia

With recent Q1 cash flow of over CA$50 million in FCF and increasing production, year end cash position may be well over CA$500 million positioning VLE as a potential unicorn stock at CA$1 billion by year end. EV over cash flow should reach a minimum of 2 in my opinion.

Onwards and upwards!

Looking for the 3rd party validation and dont see any. Holding legacy 200K shares now stopped at 5.50.

Expecting a 20M share dilution so they can pay for the 3rd party assessment and development of the new finds.

I would like to see them raise 120 million for a PP of 6$. Hire 2 more drilling rigs and let them drill baby drill. Exiting 2024 with 40k production. Enjoy the ride. Straight up from here.

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