RE:RE:Re-rate comingcyber37 wrote: A couple of good quarters are ‘in the pipe’ that is no issue; reserves life still is. Institutional, funds & other serious investors are likely well aware of VLE existence but are looking for it to add major reserves that would have long life span - VLE is not there ….yet. All those free cash flow numbers based on current production are of little significands without security of a long term production prospects. I’m thinking of 10 to 25 years into the future. This company is not there yet BUT well on its’ way. The substantial CF they generate must be turned into optimizing current operations ….AND exploring for new reserves, either that or buy new reserves. The initial euphoria after the acquisition is over, back to work now.
G37
A miserable 10% NET PROFIT when peers are delivering 30-50% at 85 oil, from and end of life asset, is junk status at best good for speculation and swing trades only.