Valeura Energy Inc T.VLE

Trying to Stay In

[energee]

• Cash value is $0.615 CDN - trading today at 74% of cash value
• Nil market value ascribed for the undeveloped land holdings in Turkey
• They state they have a " Clear strategy to unlock value" but they haven't even achieved a market valuation for their depleting cash
• They state that they plan to pursue "inorganic growth M&A deals (eg. buy producing assets)
• Hard to do M&A deals when your currency (VLE shares) is trading at 74% of cash value - although cheap VLE shares could be attractive to a potential M&A target
• With $53MM CDN in cash, they would never spend it all on a deal without doing a new raise
• Acquisitions for producing assets (with upside, ignoring lending value) for $45MM CDN cash in today's market might buy them  2000 - 2500 boepd, perhaps 40% more production if they leverage the asset 
• They have not stated what continent they intend to pursue but it appears that Management and Board are experienced and in various basins in the world, albeit working for majors most of the time

This company, IMO, is an under-followed junior with well compensated management and its best asset is cash. Time to do something.

[firstworld]

I dumped 200K shares in the last two weeks to buy AOI after watching them sit on $750MN cas for years and finally buying into Africa while adding a BN or so so indebt tfore massive cash flow. No bait and switch here. VLE is 5-8 years off seriouis cash flow from deeps (if they find another sucker to rerplace Equinor)  and with the bait and switch now, plus the very low management integrity

[traderlong2]

Hmmmm a few months ago you posted this firstworld (157) User Actions   May 11, 2021 - 12:41 PM 122 Reads Post# 33174240 RE:seller not mine already sold, bought cypto for 20% lift in one week, and bought 50% back just in case they do deliver.  

[traderlong2]

so that looks like 20k not 200 sounds like you are just here to bash VLE if you really held stock would not make sense to be so negative glty and this firstworld (157) User Actions   April 23, 2021 - 12:34 PM 77 Reads Post# 33055549 RE:Trading in 1 and 2 share increments Just dumped 40K shares to gamble on bitcoin hahaha - same hot air but with great volume and

[firstworld]

I don't care any more after being in this since 2009 and loading up at .26. The moment they lost Equinor I lost faith. Then they decided not to spend 2 MN to prove the deeps while the equip was on site so they spent 1.5 to release it. Then they sold shallow at 40 % discount to opaque newco when didn't need any money (corruption?) while holding onto operating contract ( justify their fat

[firstworld]

I'm up 32% on dumped VLE funds with AOI!! Gonna dump another 100K shares VLE now that they have failed in Turkish region and Turkey with it's pipelines to 500 M people and deep water ports. AOI is producing superior results after only 4 years.