Post by
RockLobster1 on Feb 20, 2024 9:45am
Actus increases target from 6.40 to 8.50
Valuation We have increased our production forecast to >20 mbbl/d in 2026 and to >17 mbbl/d in 2027. We have increased our Core NAV and ReNAV from respectively C$5.55/sh and C$6.34/sh to ~C$7.50/sh and ~C$8.50/sh. Assuming US$70/bbl for Brent in 2026, our YE26 net cash forecast is now US$530 mm (~US$410 mm previously) while YE24 net cash is unchanged.
Comment by
nozzpack on Feb 20, 2024 10:42am
Assuming US$70/bbl for Brent in 2026, our YE26 net cash forecast is now US$530 mm (~US$410 mm previously). Thats $725 million in CAD which is about $4 per share in cash . Grossly undervalued and ready to bulk up the share price to $7-8 for another niche acquisition that moves us over 30,000 barrels per day
Comment by
goldwatch69 on Feb 20, 2024 4:47pm
Finally! Took them long enough! Clearly VLE will be pumping over 25,000 bopd in a few months and there is obviously plenty of oil for years to come. Minimum 28,000 bopd by year end is in the way!
Comment by
Suppe11 on Feb 21, 2024 7:08am
While I'm bullish too...28k bpd is most probably not possible with one rig....
Comment by
Suppe11 on Feb 21, 2024 7:05am
It's not their target, but their estimated net asset value for end of 2026....
Comment by
RockLobster1 on Feb 21, 2024 10:36am
you might want to read the report.... Share price: C$3.84 February 20, 2024 Target: C$8.50