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

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Post by cyber37on Oct 03, 2024 3:46pm

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Post# 36252218

Technically speaking......

This stock is climbing the other arm of ‘W’ formation - which started in late August; I also need to say that I’m not an expert chart analyst but do visit charts from time to time.
With today’s positive news and the way the graph looks there is a large likelihood of a healthy move up. Yes it is tempting to lock in those profits & sell but company keeps moving to the upside with each news release.
I think I’ll wait and see how high this ‘other arm’ of W gets.
G37

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