RE: RE: RE: RE: trading at $1.25 I bet on a PP reprice at $1.1
No one will buy the PP at $1.3 whereas they can buy on the market 8% cheaper (Trading at $1.21 right now). They are not stupid.
I am very unhappy with this PP. It is obvious the market doesn't want it. US and canadian market are making new 5 years high. All energy stocks are soaring since 1-2 months. The only exception is VLE which is trading at historical low.
The problem with VLE is the production is declining and Q3 seems to be declining too. The last frack results are not good between 0-0.5mmcf per frack well. How can it be economic ?
This is my only red investment so far. I am thinking about dumping my 200'000 VLE shares this week on the market. I am 12% lost on this one :( What a disapointment.
GLTA