Vital Energy Inc. V.VUX

VUX has had 1000bopd production since October last year

[Roddiggiti]

VUX is a silent play, but they're making big money. Less than $30 million market cap, but they'll earn around $0.22c EPS this year with $100 oil and 1000bopd. Not taking into account that there are numerous well locations being drilled and insiders own almost 70% of the float. 

I got a $1 price target by early 2022.

[goldboyz2]

Thats great and all but when you see a 400k bid get filled last week at 27 cents and now there is a 400k ask at 37 cent...... seems fishy when theres been 1 update in oct 2021 and no heads about any new drilling that you speak of ???  VUX management needs to step up fast  or insiders will only reap the rewards GB

[Roddiggiti]

It's all in the MD&A. That's the key to these oil plays, you need to anticipate what's coming by doing a proper due diligence and going through financials. It's all stated there and you can calculate what they'll earn.  Right now we should have double the market cap if the company had a marketing strategy. But just because they don't, it doesn't diminish the

[KM24207]

I agree this company is very undervalued - I was the 200k seller at $0.27 but still hold 650k shares that I'm not selling for under a $1/share.  I see Cobra (the JV partner) announced a 3 cent special divi (~12% yield) and I wouldn't be surprised if VUX will be in a position to kick something in the 5-10 cent range once they finally release YE Financials. In all reality I think they

[chriszhou]

Rod, now we are already almost in mid 2022.

[Roddiggiti]

Yup, and we have numbers for Q4 (Oct-Dec) coming out next week. A month from now Q1 2022 (Jan-Mar), so I'm thinking they've added around $8-9 million in free cash flow. That 630bopd as per the MD&A didn't produce until the end of Q3. So imagine two full quarters of 1000+bopd. Plus they have dozens of wells to drill/recomplete/active over several properties.