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Bullboard - Stock Discussion Forum Vero Energy Inc T.VRO

TSX:VRO - Post Discussion

Vero Energy Inc > 2.20!!
View:
Post by bigbab on Nov 24, 2011 12:12pm

2.20!!

Past Crisis Low was 2.80 ... you know 2008./2009 

Who the hell is selling down here??
Are things that bad in the company??
Have the assets vanished??
What am I missing??
4.00 or bust

MANAGEMENT must do something positive or be replaced. Even if that means selling the golden goose that pays thier salaries. Credibility in the industry must be important at some level
Comment by filefish on Nov 24, 2011 1:10pm
https://www.mffais.com/stock/vero-energy-inc.html Two large sellers of VREYF. When you have a relatively small share float and one or two institutions want to sell, the price movements are exagerrated. It still surprises me that in 6 months the financial condition of the company has deteriorated so much. Thats what happens when your capex is double your cash flow and management is to blame for ...more  
Comment by bigbab on Nov 24, 2011 5:42pm
Hey, What do you think is the worst case scenario for this stock ?How low can it go?   Why are people selling at 2.20 and why can't the company find some investment interest out there? I think this stock is at a 10 year low so I think the statement in there corporate presentation "track record of building shareholder value"..needs to be deleted! Me : I think buying at a 10 ...more  
Comment by filefish on Nov 24, 2011 11:04pm
I think there is enough cash flow from production to keep themselves solvent.Having stayed unhedged in NG and their late start in moving the mix  from NG to liquids has hurt their financial performance over the years.Why there is no support to the stock even in the 2.20 range is a mystery based on all the metrics used for determining value. There was some insider ...more  
Comment by menotknow on Dec 01, 2011 11:39am
Totally agree. Look at cash flow. I've been in and out since inception and I am now on the buy back in. This is ridiculous - look at the results. Ya, debt is high - blah, blah, blah. BUT, the cash flow is there. There's alot of crap out there with high debt, but no cash flow or assets to go with it. This is worth the risk for me personally cause I've made lots off these guys and ...more  
Comment by bigbab on Dec 01, 2011 2:09pm
What am i missing!?I would like to "back up the truck" .....but the stock action is dismal. Tax loss selling...,maybe  stock was trading at 6.00 / 5.50 /5.00  5 months ago......  are things that much different? is this company at risk?    debt over 150M  market cap 110M ....concerning.I think there is deep value here...but gunshy
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