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 > Quite a drop

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Comment by firstworldon May 12, 2024 4:10pm

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Post# 36036025

RE:RE:Quite a drop

energee wrote:
I had tghe same thought. Someone trading it down?

Over the last 9 trading days I dumped 7 year hold 200K sharws avg.46 at avg 5.78.

Will buy back in below 5 if the Q1 spread between current liabilities and current cash doesn't show $80 MN deficit like Q4, 2023.

Got very nervous when SG trumpeting how much cash on hand with no mention of current liabilities sounded like a total pump to me but I held on now I am out 100% will go back to swing trades no longer term holds at all when getting %17. divs from ENCL paid monthly..

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