Vero Energy Inc T.VRO

TOO BAD

[sicnarf]

What once looked like a promising little company is a lost cause..

[gghoppa]

So now we're trading at under $10/000 a flowing bbl!Whats happening here?  Are they done?

[JohnJBond]

Done like dinner.............ie the dinner bell is ringing, so like it or not, they'll put themselves on the block, they'll get eaten for a much larger number - hopefully with an exploreco spin off!

[filefish]

JJB, how do you see the scenario playing out?Do they go from now until April drilling just a few wells and then get forced into selling themselves when the bank line is re-determined to an amount lower than the current debt owed?Who do you see as a potential acquirer? 

[bigbab]

Why do they have to have there hand forced? ....why cant they see the writing on the wall? !  So painfully obvious to those on the outside ,why does mgmt of this co and many others continually OVERESTIMATE the value of their company and stubbornly due to pride take the entire ship into the side of an iceberg instead of doing the right thing? .....why can't people close to the top have the

[filefish]

BB, all valid points ...Perhaps they havent been "forced" into looking at "strategic alternatives" because there is no one individual or institution holding a significant quantity of shares to prompt management into this kind of action, other than the Bank lenders.Does anyone have a current list of significant VRO shareholders. I have noticed that on

[JohnJBond]

This is a profitable company at a time when Gas prices are at recent lows. As such its profit stream is valuable to others. The switch from Dry to liquid rich gas and oil, is ongoing, and valuable to this company and anyone else who can drill out the prospects faster. If their bank line is limited to current levels - no reason to see it get cut, as production is better than it was when lines

[filefish]

I believe their credit line was raised to $170mil after they reached their peak production of 12,000boe/d last spring.With current production at 9,600 boe/d and perhaps falling due to lack of funds, this is what concerns me when looking towards April when the loans will be up for re-determination.I do not have industry experience to know what the usual scenarios are when e & p

[bigbab]

Sell the company to another company with the CASH RESERVES and BALANCE SHEET to properly DEVELOP the assets that VERO have.  Maybe I will head down to head office and take a giant white board and spell it out. That is the easiest ,practical , prudent thing to do to protect shareholders and employees.    OR   put your head in the sand ...be dellusional on the short

[JohnJBond]

Those managing this firm are shareholders too.............if they see a financial crisis, they'll seek a strategic alternative........ie merge with someone else who can give them the financial access. In terms of credit lines, they are determined by cash flow, not boe's of production.

[bigbab]

lol  "if they see a financial crisis"  ...why would you think anyone would have faith in "Anything mgmt see's" ????/they have proven to "not see clearly"also  seeking strategic alternatives AFTER the crisis hits = TOO LATE   makes NO SENSE plus even in the best of times  VERO STILL DOES NOT HAVE $$$$$$$$  required to properly

[Troyahorse]

Management rarely works in the interest of shareholders, they are a class of their own and look for themselves first. They will feed Bondholders and banksters and left the retailers like us alone to figure our strategy by ourselves. Telling retailers to trust and confide on management put us at  higher risk to loose our hard earned retirement money.

[JohnJBond]

Welcome to my blocked list, Idiot.

[JohnJBond]

And look at that, another idiot gets to join my blocked list - enjoy your ingnorance and incompetance.

[bigbab]

I hear ya Troya, HEY JOHN JOHN ...since you work for VRO (or closely related) how would being on your "ignore list" be any different than now as a regular shareholder?     The big board room  completely ignores shareholders, natural gas projections, macro economic conditions, financial analysts .....       everyone is wrong, you are right