VRO package Has arrived home in Vancouver.
I like the .30 distribution per share as honestly with the SP price so low these days, in a comforting recovery. (I av. $4.15 on a 1/2 truck load )
Yes I will obviously will like to see the money well spend in future light oil drillings and other developments as well as in paying more debt, but at this time I will vote yes for the debt reduction and yes for the distribution.
Insiders seem to all be in agreement to.
I wonder if there will be some accumulation from here to March 20 to get the benefit of the distribution (that may push the SP a little higher) and also worry that after the distributin date, the stock could drop down the .30 or more very quicly as no more incentive and NG prices still very low
Anybody see this to?
GLTA
GLTA