GREY:VFGGF - Post by User
Post by
4funon Apr 30, 2013 6:01pm
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Post# 21322533
Spoke to management today
Spoke to management today Everything is on track to meet previous targets. In fact, if you look at the year end they did meet their exit production targets and continue to. As far as slowing production during the spring break up don't forget there is a significant lag from the effects of waterfloods. I suspect Q3 would be weak due to fewer wells drilled in Q2. Just a throught.
Management believe in this comp[any as evident by their open market purchases in mid Feb 2013 for $1.15/share. They have a lot of their own money at stake and are just as baffled at the stock price as we are. Insiders have very tight time periods in which they can buy in the open market. I am sure they will buy again after the quarterly results. I was buying again today. So long as they are reaching their targets lower prices only offer better returns. Eventually value will be recognized.