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Vero Energy Inc T.VRO



TSX:VRO - Post by User

Comment by filefishon Aug 09, 2012 12:16pm
220 Views
Post# 20198796

: RE: Q2 info out

: RE: Q2 info out

Yes, I agree that a dollar spent on directly drilling will yield multiple dollars in return. However, bank debt rose from 1mil  to 11mil in Q2 and yet they only spent 5mil on drilling. Therein lies what appears to be a recurring issue with VRO. Maybe I am missing something which you can clear up for all of us. I think the low volume is due to lack of institutional investor interest in Canadian Jr's and to the very low profile that VRO is keeps in terms of information releases. Its definately a "show me" story and these next few well results are going to be very important.        

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