Valeura Energy Inc T.VLE

Another View

[retiredcf]

For our resident basher to attack. GLTA

VLE is an oil and gas producer, with operations in Singapore, Thailand and elsewhere. The stock has done well, but valuation remains VERY cheap at 7X earnings (no dividend). It has a very strong balance sheet, good management and rapidly-growing cash flow. It has had to suspend production at a field in Thailand due to a crack in a platfform. Insiders own 6% directly but two entities own a combined 30%. Its operations are higher risk, and offshore drilling is of course very expensive, but it has done well and has some solid qualities for a small cap international oil play. (5iResearch)

[firstworld]

Zero ops in Singapore it's just corp admin base and low tax for Csuite to get their 6 starr expat packages in the most expensive city in the world. It's very shallow offshore more like drilling in a pond not very high risk. These are not holes in 3000M water down 4000M in the earth LOL. It's the end of the months dn no report clearly it's more than a crack in the fistr place if