Post by
gold_diggers1 on Jul 02, 2021 11:56am
WTI over $75 and VET still under $11
All this talk of $17M more FCF for every $1 oil price... to pay down debt.... just does not matter, does it? Maybe the market really looks for Div?
.
GLTA
Comment by
gold_diggers1 on Jul 02, 2021 2:34pm
Yes. VET had a great day yesterday in the US up 31 US cents to close at US$9.06 but today it's trading down to US$8.81 which is close to being "even" with Wednesday's US close (US$8.75)... AND WTI is up $1.50 from Wed's close?! . Go figure, eh?! So, in CA or US, WTI does not really matter with VET. . GLTA
Comment by
stockmarket1 on Jul 02, 2021 4:04pm
Yes... Todays trading action was a complete joke!! Especially, seeing what happened in the U.S yesterday. Nothing else to say. Wouldn't surprise me... In fact, I expect it..... A pull back next week. Monday for sure seems to be the pattern lately. AND.....Let's see what happens with the delayed OPEC+meeting.
Comment by
gold_diggers1 on Jul 02, 2021 4:17pm
No correlation..... Let me qualify this. Yes, no correlation when WTI is up. BUT VET is 100% correlated when WTI is down?! WTF? . GLTA
Comment by
stockmarket1 on Jul 02, 2021 4:34pm
Actually, when WTI is down.... you are bang on G. D. Vet is down close to 100& of the time. Much smaller the when wti is up. You're right.
Comment by
gold_diggers1 on Jul 07, 2021 10:18am
Isn't it so true about correlation between VET and WTI when WTI is down?! . GLTA
Comment by
gold_diggers1 on Jul 14, 2021 12:35pm
Yesterday, WTI up, VET down. Today, WTI down, VET down . Haven't we seen this movie many, many times before? . GLTA
Comment by
PipelessPauper on Jul 14, 2021 12:46pm
Yes, but the days of this BS are numbered. ppl don’t believe the oil story. They all think we’ll be in EVs by next year... but they will soon when oil hits $100 a bbl, and they can no longer ignore it when they’re paying $2 / litre +
Comment by
gold_diggers1 on Jul 14, 2021 12:52pm
. I certainly hope so and look forward to seeing this movie's new chapter! . GLTA
Comment by
PipelessPauper on Jul 14, 2021 12:55pm
It will be a very profitable one! Stay tuned...
Comment by
stockmarket1 on Jul 14, 2021 12:48pm
yup...and not a word form this administration! This current management should be replaced. We should all recall this went its time to vote. This company needs a real PR management team and help us with imformation in time like now.
Comment by
Tommy123 on Jul 02, 2021 12:55pm
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Comment by
Relaxrelax on Jul 02, 2021 2:02pm
I agree, you don't see a strong argument right now to jump in. If oil can remain high for the next year or two they will have tons of cash. That being said, you do want hold this stock, when they do make an announcement to buy back shares or reinstate the dividend, you sure won't get in at this price.