Valeura Energy Share Discussion Threads

[oakridge] 04/2/2021 13:30

VLU quietly falling off the radar again but I remain a buyer.

If you want volume (decent volume at a decent price) you have to buy on quiet days. Limits close very quickly when the twitterati get stuck in.

I'm expecting a deal closure before tooo long and another c.$15M in the kitty.

I also think M&A activity here will hot up over the coming month or so too.

The size of the rise will reflect the quality of any deal.

Currently trading at around net cash (ish).

ADYOR and NAI.

[oakridge] 19/1/2021 16:27

Up on the TSX exchange on light volume.

[oakridge] 19/1/2021 09:50

FINALLY a bit of volume available here for those who were struggling to buy all that they wanted just recently....so a shout out to the many, many twitterati following this stock including:

@EvertonRob1
@Borg74
@DarthStock
@Afzal Valli
@JordanBMZ

I've found that buy limits close pretty sharpish here as soon as any interest arrives.

Surely moving closer to sale of asset and M&A news?

Any uplift here will be commensurate to perceived value / quality of next strategic move. Company is rolling in cash so well positioned to pick up a decent deal.

CEO said discussions were "well progressed" in mid December.

ADYOR & Good luck.

[oakridge] 12/1/2021 22:57

Closed UP again on the TSX.

All set for Q1?

Due news:

* Confirmation of sale of producing business for c.15.5M to add to the 31M already in the bank.

* CEO stated in mid December that screening process for a Merger or Acquisition is quote: "well progressed".

* Confirmation of farm in partner to drill appraisal "sweet spot" in retained gas play. $100M invested to date with high pressures already encountered over multiple targets.

Company is cashed-up and in a very strong position in a sector ripe for consolidation.

ADYOR and GL.

[oakridge] 12/1/2021 08:25

Valeura Energy - Brief Summary of presentation from mid December 2020:

A gas production company active in Turkey for 10 years, on the brink of change / expansion.

Listed on AIM and TSX (VLE).

Strong cash position, with no debt.
Cash in bank: 31.3M US$
Awaiting further cash inflow expected imminently from sale of asset: c.15.5M US$ + Royalty.

Total potential cash: 47M US$. This would equate to a cash value on the TSX to: Can$0.70 cent per share.

Currently trading at Can$ 0.58.

c.86.6 M shares in issue with Baillie Gifford largest shareholder @ c.20%.

Experienced executive team looking to add value with cash reserves through M&A activity. Well-positioned in the industry to grow - buyers market for those with cash, targeting distressed firms with good assets. Sector ripe for merging and consolidation.

Retained high-value option on a deep tight gas play in Turkey (Thrace Basin), which has to date received investment of $100M, demonstrating that significant gas is in place (wells encountered high pressures of gas). Company seeking a partner in c.Q1 2021 and intends to pursue appraisal drilling to prove / demonstrate commercial flow. Quote: "huge potential upside".

Main focus for the cash however is M&A.

Strong local market for natural gas and on the doorstep of Europe via in-place pipeline to Italy.

Priorities (as stated by the company in the Mid December 2020 video):

1) Sale of producing business for 15.5M.
2) Screening process for M&A - quote "some well progressed" - target for completing c.Q1 '21
3) Looking for a Partner and a well permit to be in place Q1 2021 for an appraisal well to be drilled in 2021.

The above is just what I've deduced from the presentation.

ADYOR.

[oakridge] 12/1/2021 08:21

VLU finished up over 13% on the TSX.

If the sale of the gas asset completes as the company anticipates, it will be trading at well below cash.

Company stated in mid December that it hoped the sale would complete in a month or so.

I'd imagine an RNS on this as soon as it has been inked.

[oakridge] 11/1/2021 16:23

A case of adyor as ever, KCACO.

This upload by the company outlines much of the potential here and isn't a bad place to start imo:

[kcaco] 11/1/2021 15:53

Hi . I’m just taking a look at this today for the first time . Any LTHs have any view points or comments as to where this might go ? I see it was up at nearly £2 at one stage .
I’m relatively new to this

[oakridge] 11/1/2021 12:11

Thanks rolo.

@evertonrob1 was also buying VLU up a short while ago. It seems the stock is on quite a few radars.

There's quite a lot to like here:

Cash rich
No debt
Sale of existing asset agreed will add further cash (confirmation due shortly)
Significant upside potential from retained gas play in Turkey
Favourable local market for natural gas and into Europe
Clear stated ambition for quality M&A activity
Strategic advantage through significant cash position.

Only 86.5m shares in issue. Free float is relatively small.

[holdbucket] 11/1/2021 11:53

It wasn't easy but I got some more on AJB.

[oakridge] 11/1/2021 11:15

Good volume often hard to get here.

MM's drastically pulled the buy limit over the last 15 minutes or so...

[oakridge] 11/1/2021 11:04

Have kept half an eye on VLU for a little while.

Certainly good uplift in buying today.

Acquisition News incoming?

[holdbucket] 11/1/2021 10:19

1 month on and more buying after being quiet. Anyone know of anything?

[encarter] 16/12/2020 13:27

Heavy buying today?

[inthemix] 16/12/2020 12:10

Massively under the radar here. I've only just picked up on it...

[dins1249] 20/10/2020 14:41

Mkt value £19m. Nearly £14m coming from sale of these assets. This is a no brainer. Huge upside.

[emhaigh1] 20/10/2020 11:24

RNS - Shallow assets sold $15.5m + royalties.

[shortcpx] 20/10/2020 10:57

Still holds up for just cash value

[basem1] 12/8/2020 08:08

35-40p fair value here at present Potentially more if they can put the cash to good use

[fillipe] 09/6/2020 09:06

Good buying here today - right from the start.

f

[yasx] 05/6/2020 23:44

Up 10% on the other side tonight - must say, the chart is superbly poised for a stonking rally from here.

[escapetohome] 05/6/2020 08:12

Well, some of the second / third liner value oil plays are really rallying.

That will trickle down surely to here.

Take it away!!

[escapetohome] 04/6/2020 15:50

Ive seen the twitter recommendation before, and ive decided that the time is right to take a small nibble here.

Yes the tweet by Yasx, does however allude to the potential for a delisting, well with so much cash here do they need to raise?

But i think its worth a gamble.

Ive taken a tiny 10,000 nibble here today.