Post by
NonCredibleSrc on Dec 12, 2023 5:15pm
In case you didn't know...
this sector seems to be resolute in its dedication to ensure that shareholder returns are front and center. On the worst day in some time, with WTI and NG sitting at or near lows for the year, VET just boosted dividend by 20%.
Those selling are either foolish or strapped and require the $$$ to feed other things.
GLTA.
Comment by
Pottsy on Dec 12, 2023 5:26pm
So pal are u some kind of robot or other device. Take a hike, you are not correct. P
Comment by
NonCredibleSrc on Dec 12, 2023 5:31pm
No kidding?? Vermilion Energy Inc. Announces 2024 Budget
Comment by
Quintessential1 on Dec 12, 2023 6:01pm
Too true. I own VET and substatially added here. Going to collect and wait for oil to bounce and SAGD to come online. Also this stock just became a takeover target at these prices imo. GLTY and all
Comment by
Windsorman on Dec 13, 2023 3:50pm
Takeover. A real possibility. Acquisition greatly increased proven and possible reserves. GLTA
Comment by
muslix1 on Dec 13, 2023 4:32pm
Ok takeover at what price your call....
Comment by
Windsorman on Dec 13, 2023 5:23pm
Curreny fair market value approx, $9.00 IMHO. GLTA
Comment by
Pottsy on Dec 13, 2023 6:12pm
WindS, that is a huge jump. CJ is oversold, my opinion, oil is going to recover, my opinion, but the spread from say $6 to $9 would be a reach, let's say $8.99, that's more like it... P
Comment by
lnggasfor202324 on Dec 13, 2023 6:42pm
If someone was to take over CJ now it would most likely be over $10.00. I had Daylight Energy and it got $10.06 in a takeover while the share price was $4.59. Deer creek energy and Nexen were also good ones.
Comment by
Appreciation777 on Dec 13, 2023 7:34pm
Agree with you Pottsy; good point. the big boys are saying, BUY BUY BUY, CJ. The other question is; which major would be interested in taking over CJ???. GLTA
Comment by
Pottsy on Dec 13, 2023 7:47pm
Well guess who is the largest CJ shareholder snd guess which company he runs, hmm might be a conflict of interest. P
Comment by
lnggasfor202324 on Dec 13, 2023 9:06pm
CNQ. I wouldn't rule cve out either.
Comment by
lnggasfor202324 on Dec 14, 2023 12:39am
The thing that makes it possible for CVE or CNQ interested is their SAGD pjoct is close to CNQ and CVE SAGD project from my understannding. CJ has 3 spots where they think will produce 6000-10000 boed for 20 years. That would fit in with CVE still, I would think. Theres even a chance of that number going up.
Comment by
Quintessential1 on Dec 14, 2023 8:50am
I wouldn't mind a CVE takout in a 2.5 : 1 share ratio. CVE has lots of experience with SAGD. In the meantime watch CJ POP. The bid/ask premarket are both $6.25. GLTA
Comment by
meritmat on Dec 14, 2023 9:09am
possibly but cve has also sold some thermal that did not fit in there core. Bottom line they can increase there own core areas doing expansions then bother with a small junor company that comes with a bunch of bagage
Comment by
Quintessential1 on Dec 14, 2023 9:25am
There is a difference between seeling an isolated pocket in North East Alberta and buying one that overlaps your existing operations in Southern Sask. CJ bid / ask now both at $6.30 and rising apparently. Going to be an interesting open. GLTA
Comment by
lnggasfor202324 on Dec 14, 2023 11:11am
If they did buy cj they would probably break the company up and sell all their convential assets.
Comment by
Re1ndeer2 on Dec 14, 2023 11:52am
Murray Edwards is the KEY
Comment by
Pottsy on Dec 14, 2023 5:00pm
BINGO Re1... we are at the mercy of. P