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Vero Energy Inc T.VRO



TSX:VRO - Post by User

Comment by filefishon Sep 21, 2011 4:58pm
338 Views
Post# 19068409

RE: Silly question

RE: Silly questionAll of the O&G juniors have fallen, only VRO has fallen off a steeper cliff.
I can only speculate as to why, aside from the crappy market conditions.
They are probably close to maxing out on their credit line.
They may have made overcommitments on drilling in the second half of this year, while at the same time, cash flow projections may not be met due to falling commodity prices.
The Company presentation is out of date, leaving investors somewhat in the dark about current circumstances.
That said, anyone with huge cajones might buy in here at "bargain prices" based on everything that we do know about this Company.  Three weeks ago, a BOD member bought 25k shares at 3.97
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