Vero Energy Inc T.VRO

Developments

[Troyahorse]

Latest Key Developments

Vero Energy Inc. Confirms Receipt Of Shareholder Approval For Payment Of Cash Distribution
8:00am EST

Vero Energy Inc. announced that at a meeting held on March 7, 2012, Vero's shareholders approved the payment of the proposed one-time cash distribution to shareholders of
.30 per common share (the Cash Distribution). Accordingly, the Board of Directors of the Corporation has confirmed the payment of the Cash Distribution to be made on or about March 27, 2012 to Vero shareholders of record on March 20, 2012.

19 days left to buy if you want to get the over 8% distribution :-)

GLTA

[Troyahorse]

OOPS sorry 12 days left :=)

[filefish]

Did anyone who is monotoring this board go to the shareholders meeting? If so, could you share any comments that may have been made aside from the confirmation of the cash distribution, which is just a return of capital. Keep in mind that on March 20, VRO share price will open .30 lower than the previous days close.    

[jastoronto]

Well my friend the Ex. dividend date is 16th March. In order to be eligible for .30 dividend, one must buy shares before the market closes on 15 March. On 16th march it will open perhaps .30 lower and could trade even lower than that.   Last:   Change:   Volume:  

[Troyahorse]

jastoronto: March 20 as per Vero energy website:   Vero Energy Inc. (TSX:VRO) ("Vero" or the "Company") announces that at a meeting held on March 7, 2012, Vero's shareholders approved the payment of the proposed one-time cash distribution to shareholders of .30 per common share (the "Cash Distribution"). Accordingly, the Board of Directors of the Corporation

[jastoronto]

All you are missing here is trade settlement date which is 3 business days. In this case trades paced on 15 the  march will be settles on 20 th march which is the record date for dividend. Did you get it now my friend???

[Troyahorse]

So 3 days left and volume was only 78.000 today? Looks like no-one is interested in a quick 8.5 % return, or everybody know it will fall hard below $3.00 after the 15th. will be interesting to see what happens. GLTA

[Troyahorse]

Last day to buy to get .30 distribution per share. Low volume and lots of ask at $3.30 level. Did we reach the top of the hill? Would the sp be $2.99 tomorrow? Not selling yet GLTA

[JohnJBond]

This investment situation is about converting a low market multiple disappointment, to a rapid growth high market multiple market darling.   As such, reserves are a consideration, but its the rate of growth in production, and the associated cash flow which will be the price determinants.   At the time of sale of N.Gas assets was announced at the start of Jan, the remaining VRO production