Professional
Added to YB: 2025-04-25
Pitch date: 2025-04-17
VLE.TO [neutral]
Valeura Energy Inc.
+14%
current return
Author Info
Fairlight Capital is a value-focused alternative investment manager. Sign up for the newsletter.
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 6.93
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
Fairlight Alpha Fund Portfolio Holding: Valeura Energy Inc.
VLE.TO (holding update): Thai offshore oil co with $238M cash, no debt, $543M mcap, 2024 revenue $679M. 12% 2024 production growth, 245% reserves replacement. Recent subsidiary restructuring allows full use of tax losses, potentially adding ~$200M annual cash flow. Active buyback program (7.5M shares) with 1M purchased in Q1 2025.
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