OTCPK:VGIPF - Post by User
Comment by
counterintuitive247on Oct 03, 2013 6:20pm
203 Views
Post# 21789505
RE:DOWN like 20% in 2 weeks
RE:DOWN like 20% in 2 weeksI don't see the 20% loss . Sept 1 this stock was 1$ and now it's basically 1$ or flat.
This is an opportunity to buy, the company is involved with some great SE sask assets.
92% oil , high API oil requiring little refining. The assets are predominately on fee free land so economics are huge here. IP 60 day is 200-260 bbls pay out is less then a year. Much of their assets are 18% decline.
Another separate benefit is these assets are highly attractive to SGY, CPG, WCP... Teams that are ran buy strong management. A merger or take out could be in the making.
I'm ready to keep loading up , keep selling anonymous seller