RE:RE:Setting up for a strong close …BERationale wrote: Agreed it is / was lagging and on big volumes on Friday. Oil moving up nicely ($88 brent) such that Q3 should print some strong numbers even without Wassanna which news should be imminent there.
Also hearing that there is a new initiating research report coming out from a new brokerage and that the company is finally going ot be hitting the road on a marketing trip in September. Buying more before the bump up.... GLTA
VLE has rarely tracked oil price and more often than not has gon3 down when oil is up and visa versa. Just 3 months ago it crashed 50% when oil was stable.
They would love to do all all expense SH paid global luxury trip ....betterment at its best. Just pay out the $5M on divs instead LOL.
NO ONE will, or has, deemed VLE investment grade, and won't until they pay out 80% of free cash flow AND acquire significant new production and reserves.
Until then its just specualtive junk stock great for swing trades that can easily deliver 30%+ a year.
Current oil prices are in no way connected to massive over suppy reality, or tye Ms of new bbl entering market from LatAm, ME, or Africa thst diminish OPEC market manipulation.
I'll hold 300K shares with stops and swing trade 200K shares.