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Added to YB: 2024-10-31

Pitch date: 2024-10-30

VLE.TO [bullish]

Valeura Energy Inc.

+15.2%

current return

Author Info

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Company Info

Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Market Cap

CAD 343.7M

Pitch Price

CAD 4.54

Price Target

N/A

Dividend

N/A

Sector

Oil, Gas and Consumable Fuels

Category

value

A Tourist's Musings - Valeura Energy Inc.

VLE.TO: Thai oil producer w/ 20-25k boed, $27 OpEx, $18 CapEx. 37.9MMbbl 2P reserves (5.2yr RLI). Aim to extend reserves to 50MMbbl, reducing depletion costs. Catalysts: corporate restructuring for tax losses, M&A (pref. gas assets). Undervalued at current multiple. Cash pile near market cap by 2024 end.

Read full article (3 min)