RE:RE:RE:RE:RE:RE:Acqusition of 20,000 acres-may prove to be worth itI'm in the camp of 2022 being again a fairly decent year for VET. For us Canadians, our TFSA buff up accounts are soon approaching and I plan on taking advantage of this discounted price! If you think VET will get above, let's say, $18 in 2022.....I can't see why anyone wouldn't accumulate. Especially, with the expected dividend in 2022. Easy!
Moemoney42 wrote: Also of note is that even though WTI is trading ~$80+ lately.. the share prices of many companies are not in sync with that price.. Q4 and next year we could see the equities catch up to this disconnect, and this small tuck in purchase could easily re-rate to a higher value with good drill potential and profitability next year.. ;-) geemonet wrote: I do agree with you, I was miffed when they spent the 90 mill. But on the plus side it's adjacent to infrastructure. Won't need a new shop, won't need more operators, will have existing relationships with service contractors in the area. The only thing that makes this a bad decision is that we'd rather see the money spent on debt reduction. Just be thankful that they didn't do something like get land in Africa or South America to further expand their global empire. They picked up a nice lil money maker right next door. Long term it's a good decision.