RE:RE:RE:Production HedgedI assure you VET’s oil and gas assets will be revalued much lower. It will probably make your head spin. And debt will certainly shoot up. The debt to equity ratio you refer to is complete garbage in this business environment. You’d be a great VET executive, stuck looking in the past not the future.
Methanex recently spent a lot of capex to increase needed capacity and will have very little in the near future at least. And its main raw material is nat gas which is dirt cheap. It debt to equity ratio will be heading down.
oiliswell, show some insight and perspective. Don’t get stuck on a narrative. JMHO. GLTA.
oilisswell wrote:
WMG, if you are going to preach, at least take the time to verify what you say. VET oil is hedged ~17% wordwide, while NG is 69% hedged worlwide for 2020 and 48% for 2021. Considering Methanex debt to equity is much higher (~1.3 versus 0.9) i do no think it is a better investment.