RE:RE:RE:RE:I'm out and dumped all sharesThey are "projected" to be a cash cow, I agree, in addition to strip natural gas prices in Alberta and Europe. But you have to question why the IR guy might sell all of his wife's holdings that he acquired in 2019 if he believed his own presentation.
I watched the ATB Financial interview with Hicks and it sounds like they are giving them substantial probelms in Europe with permitting.
Bottom line for me is insiders are not adding shares in a meaningful way.
It's one thing not to have meaningful insider buying but it is another thing to have no buying in addition to net selling, after your stock dropped from $40 to $3.
So, again, if I see insiders add meaningfully I will re-enter the story.
Until then.
Moemoney42 wrote: That's exactly why I'm staying.. the Nat Gas assets are what will maintain cash flow while oil (WTI) gets back to over $50 and when it does this company will be a cash cow to milk.. as are many others with a relatively good balance sheet at $50 WTI EstevanOutsider wrote: Go ahead. I added MEG and Trican with the proceeds. I hope Vermilion recovers but I have very little faith in the management and think the company is under poor guidance. If we ever see meaningful insider buying or deleveraging by asset sales in Europe, I might be interested again.