Valeura Energy Inc T.VLE

$1.60 cad in cash and market cap of $250 m cad

[nozzpack]

Extremely risk averse compared to peer proxies .

Going forward, our guidance for 2023 has gotten even better indicating about $2 in cash by exit Q3..

Guidance update

Valeura has revisited its guidance estimates and now anticipates total capital spending in 2023 of US$155 - 175 million. The downward revision is driven by good drilling operations performance, the move to one (vs two) drilling rigs for the year, as well as adjustments to its forward drilling programme. Operating costs are anticipated to total US$200 - 220 million, reduced from original estimates as the Company begins to realise logistics synergies and economies of scale in relation to the ongoing integration of its Thailand businesses. While changes in the drilling programme will alter the composition of production volumes for the second half of the year, the Company continues to anticipate that it will achieve full year rates of 20,000 - 22,300 bbls/d and accordingly has not changed its production guidance for the year. Given sales prices to date in 2023, the Company also re-affirms its expectation of price realisations approximately equivalent to the Brent crude oil benchmark.

Category	Original 2023 Guidance (Full Year)	Updated 2023 Guidance (Full Year)
Production	20,000 - 22,300 bbls/d	20,000 - 22,300 bbls/d
Price realisations	Approximately equivalent to the Brent crude oil benchmark	Approximately equivalent to the Brent crude oil benchmark
Operating costs*	US$220 - 240 million	US$200 - 220 million
Capital spending	US$180 - 200 million	US$155 - 175 million

[Overertune]

Waiting for the next acquisition.  With much more cash on hand, the next one should be much bigger.  Hopefully they find something with much longer lifespans and reserves, that will really make VLE an established company.

[firstworld]

They need to pay for Muba one first. If the oil price triggers for additional payouts to Muba they need to pay additional $50M plus they still have $30M debt from the deal for the various clean up guarantees and other costs to actually close the deal. Thats $80M payable still  on muba deal plus they need to bank at least $5M mth for clean up.   At least a year before new

[brennen44]

You   sound like an IDIOT If you can get 12%  WHAT ARE YOU DOING HERE  Most POSTERS WHO READ YOUR STUPID POSTS ALLREADY KNOW WHAT A FOOL YOU ARE   I PUT FOOLS ON IGNORE     GOODBYE  YOU HALFWIT    ON IGNORE

[firstworld]

LOL take your meds.  You mean the posters  that failded to awknowledge the red flags I noted before the 50% SP collapse feel like fools?   hahaha

[Kadiddelhopper]

For FW.... Yield on ENCC is 14.47% annual , with Dividend paid monthly @.13/unit.....and its tax advantaged!

[firstworld]

  Thanks, will look into it beeen doing well with VOC would be nice to have another option.  I spend no time on this stuff at all just specualting and trading on a few symbols to great reward.  Keeps it simple. 

[firstworld]

Not sure about this one their holdings have all seen 40-60% profit crashes, are all Canadian subject to communist political risks, and unit price doesnt align with oil volatility.  I doubt they will have 14% return for long.    I think Ill stick with VOC at least TX has the balls to protect their oil biz while AB folds like wet napkin from KFC haha.