Post by
Chincy1 on Nov 12, 2022 1:34pm
Excellent solid update
The Wassana going to production process in my opinion is now pretty much risk free. Yes we have a small delay into January but we pretty much know we have a MOPU check, FSO check, what i consider off take financing check...now simply do the math on initial 3000bpd at current brent...however one does the back of the napkin math and depending on multiple (3-5x FCF conservative based on considering a growth play) we should be btwn $2-$3 just on the Wassana project with expected infill. Throw in a positive FID on Rossukan and sprinkle in a new aquisition (or two) and close of 2022 and 2023 could be exciting for current shareholders. Add in a partner for Thrace deeps and could be a FOMO explosion higher similar to 2017.
What more does one look for in a small cap play?? HUGE upside my friends!
Comment by
BERationale on Nov 12, 2022 3:06pm
All very good points. There is so much low risk upside over the next 3- 6 months that this stock will lift off.
Comment by
traderlong2 on Nov 12, 2022 5:08pm
Agree Chincy1 on all points I think they have another deal in the pipe already Glad they mentioned Turkey a deal there will blow the doors off the share price fun weeks and months ahead we have very little on the sell side and should now continue to see the SP rise good luck to all the longs the long wait should pay off soon
Comment by
energee on Nov 12, 2022 8:09pm
Agree. Great update. So based on CDN metrics for asset/M&A deals, deals are getting done at metrics that point to higher valuations from the last 3 years of pain. VLE, with 3000 bopd coming on in Jan., valuation @$40,000 boepd, with no debt, VLE SP could be heading for a double. Not a great metric but an indicator. JMO