Opinions
Peter Imhof
Valeura Energy Inc.
VLE-T
RISKY
Jun 13, 2018
$4.280
Stock price when the opinion was issued
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gas
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BUY ON WEAKNESS
He owns this and likes the build out of their assets in Turkey. This will continue to take time and the stock will move up and down with the news. This recent discovery could be truly company building. He likes that Statoil has stepped in as a partner to help delineate the property. A long term hold that he continues to add to on pullbacks.
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BUY
He has owned it and it will be a Top Pick in the next couple of months. They have a massive discovery in gas. Some of their recent drilling results were not headline results but they are moving in the right direction. As they delineate the discovery, the share price will go higher until it is taken out by the partner.
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BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
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 likes this company, but does not own it yet. They have pulled back recently on the share price. Some investors may be a little worried about a gas based business in Turkey, due to the geopolitical situation.