Another ViewFor our resident basher to attack. GLTA
VLE is an oil and gas producer, with operations in Singapore, Thailand and elsewhere. The stock has done well, but valuation remains VERY cheap at 7X earnings (no dividend). It has a very strong balance sheet, good management and rapidly-growing cash flow. It has had to suspend production at a field in Thailand due to a crack in a platfform. Insiders own 6% directly but two entities own a combined 30%. Its operations are higher risk, and offshore drilling is of course very expensive, but it has done well and has some solid qualities for a small cap international oil play. (5iResearch)