Valeura Energy Inc T.VLE

Thailand Prime Minister Srettha ousted by court

[firstworld]

A group of 40 senators, appointed by the former military government, had filed a lawsuit against Srettha.

Judge Punya Udchachon, reading the ruling, said the court voted five to four to remove Srettha from office over the appointment of a minister with a criminal conviction. 

Now Srettha is dismissed, Thailand's 500-seat parliament must convene to choose a new prime minister, potentially plunging the country further into political uncertainty.

Could be acivil war soon!

[windymayor1]

Your words. Thailand has gone through some sort of political turmoil over the past 20+ years and oil and gas companies have always been paid.  Business as usual for the resource sector. 

[firstworld]

Political risk.   UA was stable as well.  So was Venezuela and Columbia along with a host of other third world countries where operators had plenty of grief. Doesn't take much for Junta to impose extra tax to retain lic nice......maybe had something to do with last QTR $100M extraordinary costs.

[windymayor1]

Welcme to international inversting. Canada is not far behind with the political risk either BTW with current federal gov't..  

[Eoj123]

"The convening of parliament less than 48 hours after Srettha's dismissal contrasts sharply with last year, when it took two months for the lower house to sit to vote on a new premier after an election." https://www.reuters.com/world/asia-pacific/thailands-pheu-thai-party-decide-pm-candidate-parliamentary-vote-looms-2024-08-15/

[Carbonbull]

I thought i would never block a pster on one of these bullboards , congratulations you have become the exemption to the above . you belong in the same category as Mr. Left from CITRON ...a person without a moral compass.

[firstworld]

I have never seen a junk stock with no divs increase so much on a $104M single quarter loss that represnets 30% of revenue. Dumped the 40K shares I bought at 4.17 range today.  Bought 20K shares UVIX to hold for a while. VLE is a  great swing trade stock thay are masters at pumping. 

[moneysworth]

Boy. does it ever smell! Honestly hard to hear so many lies from just one person. Wondering if he ever actually speaks any truth? :)

[Eoj123]

Ask the child to post his bs trade confirmation, maybe his mom can help him with that