Post by
nozzpack on Mar 22, 2023 1:02pm
Size Begets Size
An excellent paradigm in this sector where growth is cheaper by acquisition than by exploration and development .
With a $5 + share price and very strong free cash flows , VLE will have sufficient funded access to acquire 10,000 bpd producers , especially from Senior producers looking to jettison non core assets of which there are many...or to bid as JV partner on Auctions.
Look no further than Indonesia or Malaysia for several that may soon be available ....or diversify to Canada ..
Of course, do not forget Deep THrace ...
Comment by
firstworld on Mar 22, 2023 1:09pm
Nearly all foreign o&g left canada. SG has been very clear in the past no Canada and that was before the whole ESG and elevated attackes o industry in Canada ot to mwntio after 8 years still no global market deep water access.
Comment by
goldwatch69 on Mar 22, 2023 1:59pm
They will most certainly be able to pay for a lot of $10 million dollar deals! How about 9 more like this to round it off to $10 billion in revenue?