Added to YB: 2024-02-01
Pitch date: 2024-02-01
VLE.TO [bullish]
Valeura Energy Inc.
+128.03%
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 539.6M
Pitch Price
CAD 3.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.92
P/E
2.26
EV/Sales
0.59
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
Started a position in Valeura Energy (ticker: VLE.TO)
$VLE.TO: Thailand oil producer, $260M mkt cap, $151M net cash, no debt. 2024 guide: 21.5-24.5k bbl/d, $135-155M capex, $205-235M opex, $8M exploration. Looks crazy cheap at first glance. Need more DD, curious about bear case. Royalties, taxes & decommissioning liabilities exist.
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