RE: Wondering Agree, price seem to be kept down in purpose, NG and oil prices are quite higher today and TSX 250 points up.
VRO jumped to $1.70 just to drop back to $1.60 on almost twice the Av. volume.
D Bartole did not indicated VRO was in any negotiations on his recent Mid June presentation and I wonder were does he sees an upside potential of $11.00 for this stock?
He probably means 11 years from now and with NG prices back into the $5.00 to $6.00, but as usual his presentation time run out, and there was no time to ask these kind of questions LOL
It is unreasonable to see VRO trading so low, when they are supposedly well capitalize after the recent
sale of their non core gas assets.
Quote
Vero Energy Inc. is a Calgary based, growth oriented company engaged in the exploration, development and production of oil and liquids in Western Canada. Since its inception in November of 2005, Vero has achieved significant growth in: production and production per share; cash flow and cash flow per share; reserves and reserves per share. Vero is committed to growing mainly through the drill bit, but also explores prudent acquisition opportunities that are a strategic fit.
On January 31st, 2012 Vero closed a deal divesting itself of the majority of its natural gas assets leaving the Company as a well capitalized, pure-play company focused on the Cardium light oil play in Western Canada.
Vero has four to five years of drilling inventory with over 200 locations and over ninety percent of these locations are unbooked in the current reserve valuation of the corporation.
Unquote
glta