Post by
galaxyr on Aug 07, 2022 8:30pm
Insider purchases
Vermilion has been picking up significantly more shares in cei as per SEDI Coelacanth energy Any thoughts??? https://www.coelacanth.ca/
https://ceo.ca/api/sedi/?symbol=Cei&amount=500.0&transaction=&insider=
Comment by
Oldnagger on Aug 07, 2022 10:06pm
Due to their experience in Europe, I am sure that VET management realize how valuable natural gas assets can be . They are seemingly on a longer term plan to acquire more assets in the same region as the Leucrotta acquisition. right now the cash requirements for the share purchases are under $200k per day which is only a small percentage of VET s close to 5 million per day cash flow.
Comment by
Overertune on Aug 08, 2022 3:07pm
Please start dividends first, then they can spend the rest for additional acquisitions.