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Bullboard - Stock Discussion Forum Vero Energy Inc T.VRO

Bullboard (TSX:VRO)

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Comment by JohnJBondon Sep 14, 2012 1:25am

RE: Management must have wanted out

This offer is a joke.   Give away two thirds of VRO value, and get basically nothing in return.   One wonders what kind of bribe was needed to make it happen!   Quite frankly, its ...more  
Post by filefishon Sep 13, 2012 6:50pm

Management must have wanted out

Now that I have had a little time to digest the buy out deal, I am convinced that Management wanted out. This is not a good deal for VRO shareholders. Despite sugar-coating the prospects of the New ...more  
Comment by value1on Sep 13, 2012 3:52pm

RE: 13% discount to deal

the fact they increased the size of the bought deal means funds/institutions want to be in the sector.  I still can't beleive Westfire isn't $5.00.. Only a couple bargains really left out ...more  
Comment by parachutiston Sep 13, 2012 3:17pm

RE: CZE , VRO

Btw  what is the EV (Enterprise  Value)  of  the new Company TOG.TO?   We know only the  production exit rate of the new combined Company so i want to calculate the   ...more  
Post by parachutiston Sep 13, 2012 3:13pm

CZE , VRO

I have posted   several  times  that   VRO  was an acquisition target once they got rid of the nat gas assets  and decided to become more oily...The  mgmt team ...more  
Post by bigbabon Sep 13, 2012 2:24pm

13% discount to deal

doubt on whether the deal will close?
Comment by JohnJBondon Sep 13, 2012 12:45pm

RE: Smoke and mirrors

I agree 100%.   Massive dilution for VRO shareholders is the net result.     ie much lower cashflow per share and reserves per share.............all means this deal makes VRO worth less ...more  
Comment by Troyahorseon Sep 13, 2012 11:02am

RE: Smoke and mirrors

  So much for trusting the BOD. D Bartole just sold us cheap and just to think recently he indicatied the stock had an $11.00 upside potential. As my average is little over the $3,00 offer ...more  
Post by oilnvstron Sep 13, 2012 10:12am

Smoke and mirrors

I don't see any value for the existing VRO shareholders (except for management) by this takeover. Exit production for the combined entity is forecast to be 3900 boe/d. VRO's own production ...more  
Comment by TimeBuilderon Sep 13, 2012 9:09am

RE: TORC = TOG .T sorry

missed it NOT private .....NEW symbol TOG.T...a lot to digest...break fee 6.5 m ...72 hour match!!!! Both management / board approvals. mid to late Nov closing. All the big finance boys involved ...more  
Comment by filefishon Sep 13, 2012 9:04am

RE: TORC

Sounds like Vero management wanted out. Not what I had ultimately hoped for from my VRO investment, but will wait and see what happens. Dont think we are getting the better deal in this TORC ...more  
Post by TimeBuilderon Sep 13, 2012 8:56am

TORC

First read ==== Private company ...we get  1 for 1 share swap = VRO value @$3.00 ""each Vero shareholder will continue to hold one common share of New TORC for each common share of Vero ...more  
Post by TimeBuilderon Sep 13, 2012 8:42am

Halted NR =Copy FYI

Press release from Marketwire TORC Oil & Gas Ltd. and Vero Energy Inc. Announce Combination to Create A New Light Oil Resource Company; $100 Million Bought Deal TORC Financing Thursday, September ...more  
Comment by Troyahorseon Sep 13, 2012 3:53am

RE: Operations update -soon

Low float, low to no debt, do your own DD Holding full position glta
Post by filefishon Sep 12, 2012 7:07pm

Operations update -soon

Next update is due to be reported  in a week or two. This could be the catalyst to move this stock significantly. Based on field estimates, Vero averaged over 2,350 (68% liquids) boe/d for ...more  
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