Valeura Energy Inc T.VLE

missing the big picture

[traderlong2]

Some have forgotten
VLE was 1 year ago a company with no assets other than Turkey and about 35 million in cash
today pumping from 4 fields  producing  23,700 BPD
Virtually no debt
110 million in cash last check
Firstworld can ramble all he wants about no profit at this level
1) he got caught out
2) Tax losses will kick in this year
the Kris energy Tax loss purchase was brillent
they alone cover all DECOM costs for the company
you are missing that these decom will in all likelyhood be 5 to 10 years away or more
monaria is going to get another extention and that is why they are drilling there next to extend the field life and defer any decom costs out to a further date 
this is a pure cash machine going forward imo
they will be using those losses up and keep the cash
they are already appling the losses to all wasanna procution

if you left the stock at 2 or under you  have not figured out the real plan

I believe Sean and Team will

increase production
apply tax losses
extend field life
defer decom
print cash and lots of it

worth more than 2 bucks

and who knows how much 
if they pull of a block buster deal again
or turkey lands a big partner
great release today
Just my thoughts
good luck to all who held

[OB1Kenobi]

Well said.

[firstworld]

LOL you must be another engineer with zero business accumen. I sold 60 % shares at 3.15-3.25 that were avg .95.   Bought them all back avg 2.00.  Made 40% in under 5 weeks on NCLH that I bought with VLE proceeds haha The fact is the last statements from SG were $100M pretax profit on nearly $500M expenditures which is 50M post tax before huge clean up reserves contributions they

[cyber37]

VLE is doing fine & regardless of forecasts vs actuals they are off to a good start. Two new horizontal wells and 1200 b/d net to VLE; good start.  As for russians leveling Kiev….not sure what that is; I assume it is your poor education/spelling good luck. Those super-duper missiles are good at finding schools, hospitals and apartment buildings yes & out of dozens they are lucky to

[Hannamuk]

Mubadala has good experience with horizontals and water injection in all fields Valeura has acquired. Seems like Vle builds on that and improves   

[Suppe11]

@ traderlong It gets even better...while you're correct about the tax losses vs. decomission...the decomission costs are tax deductible too (in the future).