Post by
mnztr on Mar 29, 2023 11:29am
Oil up, vet crushed its number and stock is down
The board needs to act. Clearly the current mgmt team does not have theh trust of the investment community. Now the downgrades are coming even though demand and pricing outlook is positive. This stock is being taken to the woodshed. 1.5x CF? That is an utter embarassment.
Comment by
Moemoney42 on Mar 29, 2023 12:01pm
Agreed, management needs to start showing some positive data on the Leucrotta purchase and stop spending money on buying CEI shares..!! What's more important to them, their own business or CEI's..! C'mon VET get your act together.. close that Corribe deal and get moving..!! This 50% + haircut in 7 months is not funny anymore.. :-/
Comment by
prested on Mar 29, 2023 12:24pm
Not sure management is entirely to blame for the irrationality of the market. The sector is being battered on several fronts, from Greenies to political opportunists and we arejust going to have to ride it out, painful though it may be. The windfall tax is doing more than anything else IMO.
Comment by
Overertune on Mar 29, 2023 2:04pm
Next time when Europe desperately needs NG, sign a permanent contract, asking them to never come up with windfall taxes, before providing them any oil / gas.
Comment by
mnztr on Mar 29, 2023 4:03pm
the promised 25% RTS and only delivered 11%. Now they have changed it to UP TO 25%. i have concluded they are shifty and so has the market. In terms of ops thet are reasonably competent so not all hope is lost, but until they get rid of this CEO the share price will languish.