RE:Should I average down from $30Wondering the same thing.
With current oil prices Vermillion is going to be pumping cash. They need to reduce debt first and buyback shares 2nd if share price is still very low then bring back a dividend 3rd.
They reduced 80 million of debt last quarter with lower oil prices.
At current prices (almost $50/barrel for brent) they should be able to double or triple that debt reduction per quarter. Every 100m of debt reduction is also 4-5m of debt payments saved also which helps.