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Bullboard - Stock Discussion Forum Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora... see more

TSX:VLE - Post Discussion

Valeura Energy Inc > MESSAGE FOR VALEURA'S BOARD OF DIRECTORS
View:
Post by goldwatch69 on Jun 24, 2024 12:51pm

MESSAGE FOR VALEURA'S BOARD OF DIRECTORS

We investors do not trust senior management any longer given the fire sale of shares at prices lower than fair value of the company and much lower than analysts targets, specifically the excercise of cheap options by insiders that were immediately dumped the same day. Despite the performance of the company prior to said fire sale, it is evident that said fire sale occurred after all the good news was out on financial performance and growth.  This behavior of insiders regarding said fire sale has created a lack of confidence in the market. It is us investors that have provided support to raise market price to where it was and insiders have profited off of us. To stop this bleeding, a reset is required on all outstanding stock options. They should be cancelled immediately and new options issued at much higher prices. The insiders have made plenty off of us. It's time to fix this problem.
Comment by Eoj123 on Jun 24, 2024 1:07pm
Did you send that to them? If so, please inform us of any response you get
Comment by energee on Jun 24, 2024 2:15pm
What are you talking about  "fire sale of shares"?  Options, RSU';s and DSU's are there for a reason; to incentize management.  They all have 100K of $.25 options with an expiry date of 2027. Likely issued in 2022. Get over it. 
Comment by goldwatch69 on Jun 25, 2024 5:04am
Did you bother to check all options plus the rest of the handouts?  There remains approximately 2 million options under 2.50, ranging fro .25 to .75, some at 1.58 and some 2.10 to 2.58. At end of Q1 Mar 21 the tally was approximately 110 million shares fully diluted. Current shares listed is approximately 107 million on TMX. About another 2 million restricted and registered shares where ...more  
Comment by firstworld on Jun 25, 2024 12:26pm
Haha they all moved to Singapore on SH backs to get the ultra low tax, and free living with perks expat packages.  This move alone cost SH $10M+ in addition to expat packages $4-10M yr All the while using proxy resident Canadian directors to maintain Canadian listing while avoiding law enforcement probing since Singapore rejects most. A nice move for pump and dumpers who can't get 22K ...more  
Comment by Carbonbull on Jun 24, 2024 2:50pm
hi< You must be an employee of a large company or goverment entity , for those brave enough to enter into small cap companies they must at least have hope of looking after their families.....nothing to see hear .
Comment by Bigpond on Jun 24, 2024 3:49pm
This seems to be the only O & G stock in red today. All stocks in this segment are up across the board.
Comment by Theonewhostocks on Jun 24, 2024 3:54pm
Some quite significantly too. I wonder what the deal is here? 
Comment by windymayor1 on Jun 24, 2024 4:13pm
BMO Nesbitt continues to sell ...... 321,000 shares today and over 3mm since May 01. Not sure who has that much stock besides the 2 large Institutional investors. Maybe we should ask Robin IR.
Comment by windymayor1 on Jun 25, 2024 11:24am
There it is. BMO Nesbitt crossed 868,000  shares at $4.70. Pressure hopefuly off now ! 
Comment by cyber37 on Jun 25, 2024 3:08pm
It appears that every major cross sets the price for the bottom in a short term trend….like the recent BMO Nesbit done at $4.7/share. Hope market can bounce from this level & VLE growth can support yet another up leg…..like I said one can only hope. There is this saying however “sell in May & go away “ still life goes on through the summer too plus it is a different cycle in Thailand so ...more  
Comment by firstworld on Jun 25, 2024 3:17pm
They are supposed to be at 25k bbl days now - 25% miss. The tax restructuring is now 3 months late - another huge miss. VLE is a story of pump and dump, grandiose claims and failures with near 100% fail rate on all stated material objectives and projects. Look for 2.40 soon
Comment by windymayor1 on Jun 25, 2024 4:56pm
Based on your claim of a 25% miss, that would have them producing 16,000 bopd. Stop with the exaggerations. 
Comment by moneysworth on Jun 25, 2024 11:54pm
"Stop with the exaggerations."... yes unfortunately windy, there's absolutely no question, we've had a chronic liar in our midst for quite a while now. :(
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