Valeura Energy Inc T.VLE

Very well written news release

[Carbonbull]

A lot to unpack from my reading :

1) guiding to substanciall increase in Wassana field in the order of 6k a day after drilling complete

2) implying that organic growth in other fields also impressive , again implying substancial organic growth in Nong Yao 

3) hinted at a potential acquisition (very accretive) given organic growth profile  with statement "growth in all forms"


I am  a fan until proven wrong bot more today ...post financials this should trade up 30% to 40 % , my adjusted expectation is $200 million in free cash flow for 2024,

As always I am frequently wrong , so do your own analysis.

[cyber37]

With TSX Comp down over 400 point (2.3%), VLE closed down only 0.6% to me that spells resilience. VLE is relatively new to the market (post Thailand acquisition), company is developing following and this shows that new investors believe in its potential. With market cave-ins like today VLE stayed its course and was even ‘in the green’ for a bit. IMHO; selling on down days like today to lock-in