Valeura Energy Inc T.VLE

Here's Where I've Been Hiding ... TNZ is VLE Dec 2022

[BERationale]

Huge deal - and just getting started. 

https://www.newswire.ca/news-releases/tenaz-energy-corp-announces-agreement-to-acquire-nam-offshore-b-v--861175170.html

 

[firstworld]

165M for 11k boe gas.....expensive.  at least VLE got it for few haha. Smart sellers they prefer just to rebrand RU gas and sell it back to West with 40% markup haha. You can buy AOI now for $2,40, 22K bbl day sweet Nigerian crude that sells for $90, and get entitlement to 1B bbl oil that has farm agreements with super majors who are allocationg 30% of the exploration budgets to Namibia.

[Suppe11]

Npv P2 is 144m after decomissioning. Taking into account the various contingent considerations...I can't see a good deal.

[bfw]

  22 years of economic life left in the reserves and you're worried about decommissioning..... bfw

[Suppe11]

I'm not worried at all...I don't and won't have a position. Who cares for the years ? It's worthless, no matter the years. Only exploration upside....and lots of capex..."no investments there since decades" sounds like a floating wreck(s) and most probably the former owner knew, why he didn't spend capex...because it's EV-

[Eoj123]

Same guy, two accounts?? 

[Suppe11]

I hope for you, that your capabilities to analyze stocks is better, than your capabilities to analyze people....

[Eoj123]

Thoresen Thai Agencies must be terrible at both. They've been adding and now hold 13,346,000 shares. You mentioned when they sold the half million which took them down to 12.5 million but for some reason haven't said a peep about them building their position back up even higher, why is that?    Motive??

[Suppe11]

Ah ok...I misunderstood you. I thought you meant, that firstworld and me are the same persons...

[Theonewhostocks]

How could you possibly have time for two accounts when you're cruising around with a dozen Russian wives on your Pershing x7?

[firstworld]

I have way more than two bank accounts LOL. Some of them even auto create sub accounts in any global currency instantly....Canadians have never seen this can't even SWIFT EUR our YUAN it's like 1962 still in Canada. Only 7 RU hand to hand combat trained concubines to screen me from poor and poorly behaved obnoxious / rude / loud Canadian tourists pretending to be rich while on govt

[BERationale]

Malcolm Shaw - I’m not sure if the market understands that TNZ will have run-rate FREE cash flow of over $150 million a year. That’s not just cash flow, it is free cash flow after costs and maintenance capex. To compare TNZ with VLE should bring a smile to any TNZ holders face. TNZ has more reserves per share, more production per share, wayyy more free cash flow per share, and more nav per share

[bfw]

  Love it. Have owned for a while and bought more at $5 after the announcement. Agree that it should see double digits. bfw