VRO - all quietSeems like the entire gas e&p sector, including VRO and its followers are asleep.
As we know Vero made 2 serious errors last fall which has cost them tens of millions of $
1) not hedging any production going forward into 2009
2) continuing drilling commitments all the way into Q2 and thus having to leverage debt to the max bank credit line.
Now we sleep like rip van winkle until who knows when.
We all know that this stock is undervalued based on all metrics and fundamentals and I for one am using this opportunity to accumulate more shares.
It might be a long, quite summer and fall ahead in terms of natural gas producers, but sooner or later VRO will have its day to shine again.