RE:RE:Auctus advisors raised target from 10 to 11
cyber37 wrote: While all achievements are commendable two are of special importance in my books: - Cash at December 31, 2024 of US$259.4 million, and no debt
- Repurchase of 348,400 shares in Q4 2024, following the commencement of the Company's normal course issuer bid ("NCIB") in mid-November 2024.
I can’t think of another company (& in my previous life I have done numerous/major acquisitions in O&G sector) that would measure up to what VLE represents. The ONLY shortcoming here is rather small reserves base; this company must beef up reserves even if it is only on undeveloped basis. Yes; this is a tall order but IMHO no major will seriously consider VLE as a target at present reserves level, regardless of a healthy operational standing. As for those revised projections from anal… ysts; well nice to have them but if company is doing good PR as VLE is, who really needs them?
Happy 2025 to all!!!
G37
Dude, VLE bought their present operation for $10mm from a larger company , not even a major. No major has interest in VLE, no matter how well they do.
In fact, their whole strategy is to by tired assets that majors want to unload. To reference majors purchasing VLE is pure ignorance.