Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Thanks earache,
I will not make comments such to entice or discourage other members of this forum on their investment decisions on VLU. From time to time I may make comments whenever I feel comfortable for the benefit of other investors. I think VLU's Board and executive do believe in the company's value so I'm happy to hold shares in VLU.
Hi earache,
I found this site only last week so I'm quite new to this site. I found Valeura energy (VLU) last November during an Oil and Gas conference in London and starting buying at 50.00p, 30p and some more in the current price of 22p. I will continue to buy even more at this price. I think its bottomed. I must also declare that I know the industry very well as I have been involved with a similar Canadian company listed on NYSE holding an executive role. Due to exploration success (i.e. 7 TCF of 2C certified conventional gas resource) I have seen shareholders make a ton of money when this company was aggressively taken over by one super major recently paying 67% premium on the closing price. Actually 2 supermajors bid and one outbid the other. But I must admit I have no experience with unconventional oil or gas wells. So when I came across VLU, it reminded me of the good times I had with my recent experience so after looking at a bit of data contained in the presentations on VLU website, I started buying immediately and even more when the price dropped further. Like I said, 10TCF estimate is a lot of resources, and its share price would be over GG5.000 if it was a conventional field. Partnership with EQNR was another main reason I invested in VLU, but now that they announce to exit, lets wait in see who will come on board to help out with completing the appraisal programs and commercialise the fields. Hopefully someone reputable comes along.
For me, this is the only forum I'm ever on, only because I'm invested in this company and want to follow the commentary etc. No other motive or interest thanks. I know the primary listing is TSX and London is secondary, and I trade in London only because its convenient with my broker. I think fundamentally VLU is quite sound with enough cash for exploration in the next 2 quarters with the possibility of adding a new partner, and that their producing business is self funding from its operations. So I'm happy to hold on to my shares.
Hope I have clarified myself on why I joined this forum and sorry if my brief participation a couple of days ago made you uneasy.
RNS Feb 4th: '... 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 will communicate its 2020 work programme in more detail later in Q1.'
10tcf estimate resources is huge. Its a producing company with its ongoing operations and going concern guaranteed but exploration costs money so lets see what the final deal is with the EQNR exit.
Will be buying them back at this rate, crazy price but then again everything is crazy with the stock market
Sold the 50k I bought last week just in case we do get war between Syria and Turkey, just had too many kept the rest as I hate selling at a loss. Sorry