Post by
gold_diggers1 on Jun 17, 2021 12:08pm
WTI over $72 again, then...?
The question is..... Will VET be over $11.30 again? That is the problem with VET. Oil down hard, VET down hard. Oil up big... VET *not* up big (UNLESS Anon bought huge, of course)?! Go figure.
.
GLTA
.
Comment by
stockmarket1 on Jun 17, 2021 12:23pm
G.D....long term yes WTI will be over $72 and VET will be way way higher than $11. Gotta buy and hold this for 2 yrs ( 2023 ) .. Cheers
Comment by
gold_diggers1 on Jun 18, 2021 10:06am
Well, WTI $72 again.... and.... where is VET?? Still at $10.60s. What's the problem with VET?? . GLTA .
Comment by
stockmarket1 on Jun 18, 2021 1:01pm
I really don't know G.D. I find VET isn't really correlated a lot of the times except on the doenside. In that manner it is, I notice. I dunno. I also, notice when VET makes a new 52 wekk high, within a week it sure declines swiftly. Then, it slowly drags up again. We'll see next week if it has strenght to stay above $11.
Comment by
Dragon1 on Jun 18, 2021 2:33pm
Hedging and debt are keeping VET from following the rest of the market,if the next quarter beats the estimates and oil goes near $80 and gas stays over $3 we should start seeing $15-16.
Comment by
Dragon1 on Jun 19, 2021 9:21am
The 3rd quarter will be after driving season which should come in very strong,if this is the case I'm hoping VET wll annonce their intention to reinstate an appropriate dividend in 2022.Long term, Eastern Europe gas seems to be the only possible production growth on the horizon unless we are surprised by a NA aquisition.
Comment by
lashing on Jun 17, 2021 2:15pm
Thats been the problem with ALL oil stocks, slow 2% a day climb then weeks wiped out in a single day. This is the market, the "pros" lie about this all the time. The market crashes hard, and fast, Rises slowly.