Valeura Energy Inc T.VLE

Brent now $,130 cad per barrel

[nozzpack]

Wassana 5000 bpd production will be grossing $6.5 million cad per day in Q4 of 2023.

Combined,, field gross will be over $30 million cad per day which is about $1 billion cad per year .

An easy double..

[Suppe11]

You got ahead of yourself. They will start a "transition" "sometimes" in Q4, = slow approach. The last production numbers there were something like 2300 bpd. It was the only negative part of the press release. They drilled no infills there, so why should it rise to 5000 bpd ? Realistically one can expect....maybe 1000 bpd (because they won't start 10/1) on average for Q4

[Overertune]

50% tax? And 200m capex?

[BERationale]

One too many zeros but other than that the math goes around on $1bn gross a year. More importantly about $400mm in cash flow and $200- $250mm in free cash flow (75% - 100% free cash flow yield at current prices is unheard of).  GLTA... see you in the $3's

[BERationale]

A wise man once said "see you in the $3's" ... however, they will still have a sub $100mm EV by year end (<0.5x EV/DACF) at this share price. It's going higher but too early to call a $4 handle. Wassanna news next month could push it there.  

[windymayor1]

Lets not forget about the next deal!  Gotta be coming, hopefully before year end.  Last deal drove stock up over 120% on the news alone,