Initiating Coverage: Valeura Energy, Inc
Well financed to amalgamate assets in a well managed entity
Valeura is a Toronto and London listed ~US$40 mm market cap cash shell. The firm holds ~US$31 mm in cash and, in 1Q21, is expected to complete the divestment of its legacy producing asset for US$15 mm in cash. Valeura’s management team is very well-rounded with diverse transaction, and operational experience and commercial acumen. The company attracted Equinor as a 50/50 partner for its deep gas ....
03 Feb 2021
Valeura Energy (LSE: VLU): Initiating Coverage
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Valeura Energy (LSE: VLU): Initiating Coverage
Initiating Coverage: Valeura Energy, Inc
Well financed to amalgamate assets in a well managed entity
Valeura is a Toronto and London listed ~US$40 mm market cap cash shell. The firm holds ~US$31 mm in cash and, in 1Q21, is expected to complete the divestment of its legacy producing asset for US$15 mm in cash. Valeura’s management team is very well-rounded with diverse transaction, and operational experience and commercial acumen. The company attracted Equinor as a 50/50 partner for its deep gas ....