RE:Vet price divedude, look around, almost every oil/gas stock has been beaten down in the last month - what was driving this??? CERTAINLY NOT PHYSICAL OIL DEMAND/SUPPLY FUNDAMENTALS, its the oil paper market where hedge funds have used a confusing OPEC meeting summary, the IEA peak oil report and everything else negative for maximum effect to sustain this program traded bear attack accross this sector. Eric Nuttall was on BNN and said other than some capital gains tax issue he can't explain it given the fact that WTI has wobbled a few times but here we are back above $80 as you pointed out. His fav, BTE, is sub $4.50 , another fav, VRN is down near $10 and CVE is down to $25. I do hate these momments but i'm keeping with my convictions and will continue to hold for another round of dividends as well as Q2 results.
As for VET, this is one of the cheapest stocks out there but its also one of the least favourites ..Eric calls this a value TRAP, not enough reserves, too many operational areas, windfall taxes etc. VET also has one of the higher BETAs , meaning it tends to get oversold on numerous occasions. I believe there are funds that just churn this stock for very short gains. I DISAGREE, its my dark horse and i believe is there are numerous game changing cataylsts- new gas exploration, new gas production in EUR, their MONTENEY liquids battery commissioned any day now, one of the best hedge books out there plus all the stuff you listed.. also note their 20% ownership in CEI which has one of the largest oil bearing lands also in the MONTENEY . CEI already has had fantastic drilling success but now has to build out the required infrastructure over the next year to bring everything behind pipe to sustained production...staying long, staying strong...dwdc