RE: RE: Silly questionYea, thats what I though when it was 5, then 4, and now 3.
I went thru this with VRO in 2008. Very similar downdraft, until the stock fell to 2.50 and then stabilized.
The company is in a healthier situation now than it was then, with 40% more production, but ultimately everything is going to depend on how low O&G prices go and how long they stay there.
We are coning into the winter season in the next two months when prices naturally swing higher and VRO has enough cash flow to be in a position to just sit tight, do some light field work , wait for improving conditions and at the same time work down their debt..
I've been buying some shares each day this week , with the hope that the world is not coming to an end.