Post by
filefish on Aug 11, 2011 8:03pm
Q2 comments- anyone?
Anybody have a comment on the 2nd quarter report?
VRO seems to be falling a little short of guidance, in part due to the bad weather which shut in 8% of Q2 producton. Also building up that oil/ngl number seems to be slow going.
I was not very happy to see them project a 2x debt to cash flow at year end. Was hoping this would fall to the 1.2x that was anticipated in their last report.
It also appears that they will concentrate almost exclusively in their Edson properites and perhaps sell of some of their holdings outside this core area. That makes sense given the number of drilling opportunities there.
Despite some disappointments, and a little more risk due to overleverage, I still think VRO is an excellent value in the present 4.50/sh range.
Comment by
Troyahorse on Aug 17, 2011 4:44pm
Added to position at $4.22GLTA
Comment by
ecolo101 on Sep 10, 2011 9:00pm
Troya,,, I am in since last week and I believe that we will do very well.. Hang in there....Do you remember ONR ???? at 1,15$?I do. Only one problem I should have kept it........I would be 1M$ ahead.....This is life , I guess,I do believe in this one as well. VRO will go up ...... Let's see!GLTy and All
Comment by
Troyahorse on Sep 11, 2011 10:21pm
Ecolo:ONR? Would you believe I am still holding ;-)Just sold 3000 at $9.50 last week to take some proffits off the table.VRO will do well but may need longer time and it will not be another ONR.Holding full postion in VROGLTA