OTCPK:VGIPF - Post by User
Comment by
riders34on Jan 17, 2013 12:03pm
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Post# 20851368
RE: 4 of the past 5 trading days
RE: 4 of the past 5 trading days I was in toronto earlier this week. institutional buyers are furious at the about face and have to unload rpl out of their equity portfolios as there is no equity upside (price is hedged and there will be no 500 bbl wells to add excitement) and dividend funds wont touch junior oils. retail is doing all the buying through retail channels and funds are lightening up as much as they can without killing the price. assume that the price will go nowhere as retail buying cant move the price and cross your fingers that they mgmt can add fresh barrels to replace produced barrels with net cash flow. if you believe in retail investors being smarter than professionals right then join in. 4th new VP ops in 4 years means that exploration has been a bust.