Valeura Energy Share Discussion Threads

[flawlesskicks] 04/2/2020 07:59

They just got $100 million of free carry and are now independent to make future decisions on the project. Interesting times.

[basem1] 04/2/2020 07:55

I agree there's value and today may be the day to buy despite the chart in unknown territory from a support point of view

[flawlesskicks] 04/2/2020 07:53

I can wait. I made £6k trading it last month so no issues. However, they are already trading at cash and I would imagine they get to keep production from those three deeps? NAV around £1 a share so let's see what the forward plan is. They are financially secure and thats the main thing for me.

[basem1] 04/2/2020 07:22

Bad timing mate I cannot understand why you did not wait and not just because of today's RNS I have been waiting patiently for an entry point there was no catalyst to buy yesterday

[sweepie2] 04/2/2020 07:09

Fluck, can't see it going down too far the cash should be a good buffer but disappointing nonetheless

Calgary, February 4, 2020: Valeura Energy Inc. (TSX:VLE, LSE:VLU) ("Valeura" or the "Company"), the upstream natural gas producer focused on the Thrace Basin of Turkey, provides an update on partner participation in its deep gas appraisal programme.

The Company has received notification from its joint venture partner Equinor indicating that it intends to discontinue participation in the deep gas appraisal programme. Valeura and Equinor have begun discussions on the commercial mechanism by which Equinor will exit the play and the Company will provide more detail in due course.

Valeura is in robust financial shape and has both a producing shallow gas business which generates cash flow, and a strong working capital position of approximately US$37 million at December 31, 2019. The Company intends to deploy capital in a judicious manner in 2020, and expects to continue its deep gas appraisal programme aimed at demonstrating the potential for commercial development, and to enhance its shallow gas play through ongoing investment into existing fields. Valeura will communicate its 2020 work programme in more detail later in Q1.

Sean Guest, President and CEO commented:

"We are sorry to see Equinor discontinue their participation in the deep play, but we are pleased with how efficient the joint investment has been for Valeura up to this point. Through our partnership, we have gathered a significant volume of new data and key learnings about the attributes of the large gas resource base in the Thrace Basin, with much of the investment funded by Equinor's carry under its agreements with Valeura. We will leverage these data in the next phase of appraisal and we remain encouraged about the long-term potential for the play."

[flawlesskicks] 03/2/2020 15:19

Just bought at the bid of 29p. Happy to hold - trading below cash. Next news in the coming days on how they will move forwards on the project.

[sbb1x] 03/2/2020 13:47

No trades today...

[flawlesskicks] 02/2/2020 10:14

Looks like VLU heading for 27p on Monday. Closed at 0.48c on TSX. Not sure why the Canadian market is trying to drag it down so much but it is what it is!

[laptop15] 27/1/2020 09:38

https://twitter.com/laptop1515/status/1221728095582990336?s=19

[laptop15] 24/1/2020 13:32

https://twitter.com/laptop1515/status/1220699056936300544

[alexios1201] 23/1/2020 16:27

Canaccord barstewardsThese will switch to longs soon

[emhaigh1] 23/1/2020 14:39

Darkpool off market trades in Canada still screwing this up. Scandalous. hxxps://www.valeuraenergy.com/valeura-energy-trading-update/

[mister md] 16/1/2020 08:55

yep its unloved in Canada at the moment (closed down on day yesterday)

and on AIM the volumes traded are so low the marketmakers will screw you over on the price

I continue to avoid

[sweepie2] 15/1/2020 21:44

Probably see a better reaction in Canada than AIM though

How wrong was I, thought it a decent well written RNS with little negative but with Canada slightly down, lots didn't see it the same way, back to red tomorrow I guess

[capablanca64] 15/1/2020 20:27

Be very careful of Flawed Kicks - serial ramper who has caused a lot of decent folk to lose money in Caspian Sunrise.

[texaschaser] 15/1/2020 19:21

Iamgreat1 aka @thelongergame aka ZM19 on LSE Aka jammydodger (stopped posting on 6th December set up iamgreat1 on 6th December and ZM19 on LSE 8th December Deramps under one name pumps on other names

[iamgreat1] 15/1/2020 16:19

Down we go

[sweepie2] 15/1/2020 13:38

39.90p which was the last trade here equal to 66c in Canada so they have some catching up to do

[sweepie2] 15/1/2020 12:07

Canada starting to wake up, will we see an increase in volume on AIM or will all the volume be on TSX?

[sweepie2] 15/1/2020 10:43

Equinor UK
@Equinor_UK
When Britain wakes up, it's often Norwegian energy from Equinor that helps get the day started properly. We supply over 25% of the UK’s gas – and we’re a key provider of oil and wind power too.
#UKenergy #windpower #oilandgas #equinor

[costax1654x] 15/1/2020 10:17

orm mcap 3 mil,cash 6 mil,no Debts!Plus Gold assets!Distressed Seller due to the sale of tungsten mine(clear our debts and we received 6 mil extra) need shareholders approval

[sweepie2] 15/1/2020 10:04

Always tempting to take profit but that is a hell of a drop which going by todays update isn't deserved so will keep on watching for now