Need for meat....Valeura is dependent on oil price just as much as any other company. However, the fact that they have no debt & mountain of cash on hand gives them an edge in pursuing acquisitions or major projects on a moment’s notice.
As a VLE shareholder I can expect some announcement to that effect that could drive this stock 10 or 20% overnight; so I’m holding. I hope that what looks like a coasting period on VLE chart is likely a prelude to another game changer in a short history of this outfit. They need another acquisition; optimizing all those old assets they acquired in Thailand are just ‘a daily bread & butter” ; to move a needle we need some steak.
G37