OTCPK:VGIPF - Post by User
Comment by
eebleron Apr 18, 2012 10:20am
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Post# 19806968
RE: RE: Results
RE: RE: Results With Iran back at the negotiating table regarding their nuclear enrichment program, the US/UK consistently "threatening" to release strategic oil reserves, and now Obama taking on "oil speculators" as the reason for higher gas prices, I would guess that markets are pricing in a possible drop in the price of oil. Looks like everyone is waiting to get some directionality in oil prices before they make any commitments.
What they didn't do yet was pin a number on the board for 2012 exit guidance. Their corporate presentation says an average of 4100 boe/d, but that is from March and without benefit of their 2011 avg. Once they pin a number up and once they clear the holding period for the shares issued under the bought deal, it should see a return to uptrend.