BIGGEST mistake nearly everyone is making....Not only on this BB, but nearly everyone I talk to ASSUMES that there are no catalyst's until they drill depp hole #2 in Q3. Given evryone believes this gospel, there isn't any sense of urgency on the part of most to build a position to the size they eventually desire.
Here's why everyone might be wrong!
1) Do we know what type of additional info could be forthcoming in a couple of weeks when they publish their #s? Do you think D&M ONLY provided VLE with the #'s they've already released? What if they open the kimono a bit further? Sure, maybe a non-event, but I wouldn't be so sure
2) Everyone agrees that STO is keeping this under wraps - I agree. Maybe it's because they are accumulating shares in the meantime and are going to announce they are thru 10% ownership? Or maybe they just make a bid for the comapny?
3) How can anyone be so sure that a super major other than STO isn't planning a bid? Hostile or friendly? STO hasn't been the only company in the data room.
4) Everyone would agree that VLE management are not the promotional type - I do as well. How do we know that the stated timeline for drilling and completions etc has not been purposely stated to be extended, but what if they surprise and act quicker?
5) Management knows the stock is undervalued, and they are going to continue to tell the story, overseas mainly. What if one, or a couple, or a handful of real players decide to buy a position?
Go back and check my history on this, I've been long for over three years. After finally having my original thesis being proved out, why the heck would I want to get cute like everyone else and get out, thinking I can by back in before Q3?
You can all knock yourself out, I'm sticking around for the real prize