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VLU Valeura Energy Inc

27.50
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Valeura Energy Inc LSE:VLU London Ordinary Share CA9191444020 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 27.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 27.50 GBX

Valeura Energy (VLU) Latest News

Valeura Energy (VLU) Discussions and Chat

Valeura Energy Forums and Chat

Date Time Title Posts
06/12/202222:50VALEURA ENERGY - TRADING BELOW CASH WITH SIGNIFICANT UPSIDE POTENTIAL FOR 2021.59
06/3/202112:06Value suggestions thread269

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Valeura Energy (VLU) Top Chat Posts

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Posted at 22/6/2022 06:30 by ga_dti
Latest DT CEO interview discussing the acquisition of the entire share capital of KrisEnergy International -
Posted at 21/3/2022 14:44 by turkcan42
Valeura energy.. I wonder how high is the stress level in that office right.. Over 40 mil in cash / never reduced a penny on anyones salary last 2 years / no news / COVID 19 was held as an excuse and now natural gas price is highest ever been, yet NO OFFICIAL PARTNER. I would like to hear few opinions :) please share. Don't know if I should invest in Trillion energy international or / valeura energy .. they both by / in turkey
Posted at 27/5/2021 07:54 by oakridge
Good to get a reiteration on the cash reserves anyway.

Focus very much away from VLU and instead on SPC at present.
Posted at 15/4/2021 07:26 by oakridge
It's about time for an update on the producing assets deal.

Clearly there has been slippage, but the company at least restates both parties are committed to the deal. Looks like rubber stamping delays.

Deals are now starting to be done in Turkey however as seen at UKOG.

Hardly exciting at VLU at present. Will the acquisition be worth the wait?

Quality of the BOD suggests it will be....but we'll see.
Posted at 06/3/2021 11:49 by oakridge
!FOLLOWFEED
VALEURA ENERGY - SIGNIFICANT UPSIDE POTENTIAL FOR 2021??

Valeura Energy Inc. is an upstream oil & gas company, headquartered in Calgary, Alberta, Canada. Its shares are traded on the Toronto Stock Exchange under the symbol VLE and on the London Stock Exchange under the symbol VLU.

The company benefits from having a very strong balance sheet, zero debt and a 'quality in depth' board of directors who collectively bring considerable industry experience.

Given the strength of Valeura's cash position, it is very well positioned for inorganic growth opportunities in a sector presently deemed a 'buyers market', ripe for M&A activity and consolidation.

In addition to cash, it also holds substantial upside potential through an operated deep, tight gas play in the Thrace Basin, Turkey.

Recent and Upcoming Events as at 06/03/21

* Valeura confirms net cash position of c. US $31.3 M.

* In addition, Valeura Announces Provisional Sale of Shallow Conventional Assets for $15.5M to TBNG ltd, with potential royalty payments of up to US $2.5M. Conclusion of sale anticipated Q1 '21.

* Total Cash in Hand anticipated to be c. US $47 M (or c.0.38p / share uk // c.$0.69 share Canadian)

* In addition, Valeura Restates Retained100% interest in a c.20 Tcfe3 unrisked mean prospective deep, tight gas play, Thrace Basin, Turkey, with both local and export gas infrastructure and market in place. Drilling has proven gas across the prospect. A US $ 100M exploration / appraisal program has already been completed and drilling has proven gas across the prospect. Exploration licences have been extended with minimal holding costs.

* Valeura Appoints New Corporate Broker Auctus Advisors LLP.

...................................................................................................

December '20 - CEO Presentation to Shares Magazine

!YOUTUBEVIDEO:ntJ9Of_02m0:

The Most Recent Company Overview Presentation in 2021:



March 2021 Interview with Stephane Foucaud, Head of Research Auctus Advisors:



Full Auctus Note Here:



[...]
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As at 06/03/21, the company has just 86.6M shares in issue and with a share price of 28.5p has a market cap of £24.68M

As with all BB threads, the usual caveats apply: ADYOR & NAI.
Posted at 04/3/2021 11:22 by shabadi
Oakridge, have bought a small amount of this today. Liked the presentations I have seen and current cash/asset value v share price.

Will sit on these and wait for exciting acquisition news.
Posted at 24/2/2021 16:11 by oakridge
I suspect that when the sale of the producing asset is formally signed off and concluded, the company will restate a cash value of c.38p a share. That would entirely discount the value in VLU's retained 100% interest in the deep, tight asset in Turkey.

Extraordinarily quiet here and a little boredom setting amongst peeps as a few tiny sells chip at the share price The potential for significant upside here on several fronts remains however.....including sale confirmation, farm in partner for retained interests and M&A activity, as repeatedly stated by management. The sector is ripe for consolidation and is a buyer's market for those with the money. And VLU has plenty of money.

Good luck, NAI and ADYOR.
Posted at 14/2/2021 14:59 by oakridge
Why Natural Gas Prices Are Set To Go Higher

By Tsvetana Paraskova - Jan 18, 2021, 5:00 PM CST
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Winter temperatures below seasonal norms in the northern hemisphere have created a rally in natural gas prices from Asia to Europe. The spot liquefied natural gas (LNG) prices in north Asia jumped to record highs last week, while the key price marker in Europe, the Dutch Title Transfer Facility (TTF), rallied to the highest in more than two years.

The natural gas markets at the start of 2021 look completely different from the beginning of last year, when milder weather and the pandemic hit to demand had dragged natural gas prices down to historic lows.

This winter season, a rebound in Asian natural gas demand, supply issues at major LNG exporters, logistics issues at the Panama Channel, soaring tanker rates, and last but not least, the cold snap from Madrid to Tokyo, are pushing gas prices higher.

Even when temperatures return to seasonal norms in coming weeks and the Polar Vortex-induced cold spells in Europe end, natural gas prices will continue to be supported through the spring and summer, as buyers would look to restock, analysts say.

The record-high Asian LNG prices may not last for long, but these generally higher prices than last year’s lows are set to support the prices in Europe, which is likely to receive fewer LNG cargoes this winter considering that spot prices in Asia are much, much higher.

In just two months, the global natural gas market turned from an oversupplied or a finely balanced market at best, into a tightening market, leading to hikes in prices from Asia to Europe. The much higher prices in Asia and Europe than the U.S. benchmark Henry Hub will incentivize U.S. LNG spot sales to those markets and the maximizing of U.S. liquefaction capacity, according to analysts.

Related: UAE Oil Major Turns To Hydrogen

Spot LNG prices in Asia have staged an impressive rally over the past two months and have now soared 18 times from April 2020 lows—and the surge is obliterating even the recent rally in Bitcoin prices.

A perfect storm of unusually cold winter in north Asia, outages at major LNG exporters, and logistical and shipping constraints drove the price of Asia’s LNG benchmark, the Japan-Korea Marker (JKM), to the highest on record last week, soaring over $30 per million British thermal units (MMBtu) for the first time.

In Spain, home of one of Europe’s biggest terminals, LNG prices also surged amid an unusual cold snap in the country, which brought a rare snowfall in Madrid.

The lower-than-normal temperatures in many parts of Europe are driving higher gas withdrawals than usual, setting the stage for higher-than-expected demand through the spring and summer for replenishing stocks.

Goldman Sachs expects a “perfect bullish storm” for natural gas prices this year, and raised its forecasts for the prices at the European benchmark, the Dutch Title Transfer Facility (TTF), to $8.30/MMBtu for the rest of this winter, from $6.65/MMBtu expected earlier. Goldman also lifted its spot Asia LNG price outlook to $14.30/MMBtu from $12.65/MMBtu.

“The current cold spell in the northern hemisphere is paving the way for a tighter global gas market throughout the year,” Wood Mackenzie said last week in its 2021 gas market outlook.

After the impressive surge, Asian LNG spot prices will drop in the second quarter, but the current cold spell is setting the stage for an increasingly tight summer gas market, compared to what looked like a finely balanced summer just a month ago, WoodMac says.

Gas storage levels in Europe are already more than 15 billion cubic meters lower than last year and are now close to the past five-year average. Forecasts of higher coal and European carbon prices, also partially driven by the current cold spell, “provide headroom for higher European summer gas demand,” the consultancy noted.

“Global prices reached record lows in 2020, with TTF averaging US$3.2/mmbtu and Asian LNG spot averaging US$3.9/mmbtu. 2021 will show a stark difference, we anticipate TTF averaging US$5.6/mmbtu and Asian LNG spot averaging US$7.6/mmbtu,” said Wood Mackenzie vice president Massimo Di Odoardo.

The surge in Asian spot LNG prices is good news for U.S. exporters.

The wide spread between Asia’s LNG prices and Henry Hub suggests there is “very little chance” of seeing U.S. LNG cargo cancellations—as in the summer of 2020—anytime soon, Warren Patterson, ING’s Head of Commodities Strategy, said in the bank’s Energy Outlook 2021.

“Regional gas markets will be better supported over 2021, and it looks increasingly unlikely that we will see a repeat of cargo cancellations this year,” Patterson added.
Posted at 14/2/2021 14:46 by oakridge
Norway's Equinor expects 'volatile' European gas market in short term
HIGHLIGHTS
LNG market dynamics trigger shift in European conditions

Sees more balanced market in one-two year timeframe

Equinor exposed to LNG despite lack of physical assets


Author
Stuart Elliott
Editor
Daniel Lalor
Commodity
Natural Gas
London — Norway's state-controlled Equinor expects a "volatile" European gas market in the short term on the back of the recent tightness in the global LNG market and low European winter temperatures, CEO Anders Opedal said Feb. 10.

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Register Now Speaking to reporters following the publication of Equinor's Q4 earnings, Opedal also said he anticipated a return to a more balanced European gas market over the coming 1-2 years.
European gas prices have risen from lows of just over Eur4/MWh ($4.8/MWH) last summer to more than Eur20/MWh in January, according to S&P Global Platts price assessments. The TTF day-ahead price was assessed Feb. 9 at Eur19.80/MWh.

Opedal said the recent elevated gas prices in Europe followed LNG market tightness -- which saw cargoes diverted to Asia and away from Europe -- and the resulting increased demand for European pipeline gas.

Higher European gas demand due to unseasonably cold weather and fewer LNG imports also resulted in higher withdrawals from storage, he said, impacted also by the delay to the start of the Nord Stream 2 gas pipeline from Russia to Germany.

Because of these factors, Opedal said: "I think we will see a volatile market."

The recent market dynamics have also given "support for a positive outlook for prices, also coming into the summer season", he said.

Further out, Opedal said Equinor expected the market to be more balanced "when we move a year or two ahead".

The 55 Bcm/year Nord Stream 2 link had been due to start up at the end of 2019, but the threat of US sanctions has led to delays in its completion.

As a result of the delays, Gazprom must rely either on booking more short-term capacity via Ukraine if it wants to increase exports to Europe or on continuing to draw down its remaining gas stocks in Europe.

LNG exposure
Opedal also said Equinor was "increasingly exposed" to LNG prices within its portfolio, given the impact of global LNG market dynamics on European gas.

"We saw that when Asian [demand] was spiking due to cold weather and LNG outages, we have also seen the price increasing in Europe due to LNG being moved to Asia," he said.

Equinor did not have to have physical LNG production assets to be involved in the LNG market, and that the company used "contractual arrangements" to manage its portfolio and participate in the LNG trade, he said.

Equinor operates the 4.3 million mt/year Hammerfest LNG export facility in Norway and has term commitments for supply from the plant.

However, it has been shut since September after a fire.

A company spokesman told Platts on Feb. 10 it was still Equinor's best estimate that operations at Hammerfest LNG would resume in October.

Q4 output
With the outage at Hammerfest -- fed with gas from the Snohvit offshore gas field -- Equinor's equity Norwegian gas production in Q4 slipped by 4% year on year to 698,000 b/d of oil equivalent.

Its average realized gas price in Europe was $5.04/MMBtu in Q4, up from $2.72/MMBtu in the previous quarter.

Despite the year-on-year drop in Norwegian gas output, the company increased production compared with Q3 when it averaged 654,000 boe/d.

Equinor deferred some gas production from its main 'flex' fields on the Norwegian Continental Shelf -- Troll and Oseberg -- last summer due to very low European prices.

"We increased our NCS flex gas production to capture additional value as the European gas prices continue to recover through the fourth quarter," CFO Svein Skeie said.
Posted at 10/2/2021 10:14 by oakridge
Just a couple of tiny buys visible so far today and we're on the move.

Hopefully the sale of the conventional assets to TBNG will be concluded soon.

This would then bring all cash to a touch below 50M US $ (+a few extra million in extra royalties)......and would infer a share price in the 40ps.

Even then, a share price in the 40p's would value the retained deep tight prospect at around zero. It would also value the companies strategic cash advantage at around zero. The potential of the BOD to produce a decent M&A result would also be in for nothing.
Valeura Energy share price data is direct from the London Stock Exchange

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