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Valeura Energy Inc.VLE.TOPARTIAL BUYFeb 28, 2018Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
VLE announced guidance and reserves on April 18.
While we would not say the news was bad, keep in mind the stock is up 482% in the past year and 26% YTD.
Many investors like to 'sell on news'. It remains quite a small company in a sector that has shown some weakness in 2023.
But it is cheap, and has potential.
We would consider it a buy but only for higher risk small cap investors.
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He says this company has assets in Turkey where natural gas is priced three times higher than Canada. The company has not completely tested their well there and their pilot well will not be online until 2019. Over 95% of Turkey’s natural gas is imported, so the potential is great. If the stock was under $2 it would make sense. He believes there are better options in Canada – this is too speculative at this time.
He thinks this company has very good prospects. The stock price indicates the market likes what they have done with the drill bit. He thinks as they continue to put the pieces in place the stock price will go higher and will become a potential target for a take-out. It has the potential to grow without the commodity price rally, he says. IF he was to buy into it, he would buy into a third now and scale in in the months ahead.