nervous times creates opportunityIf oil drops into the 40ies there could be panic lows for VET. And if the big market does take a major dump all asset classes will follow along .
Is the VET divi safe ? In times of stress its the debt that becomes unmanageble so the divi is the first thing to be hit. ie CPG , Bonterra and others .
Over 50% of VET free cash flow comes from Europe where they get higher premiums on sales. VET debt to enterprise value is less than one third so it doesn`t seem like an issue at the moment .
The chairman owns 2.9 million shares , thats $667,000 per month ,
$8 million a year . Im thinking he`s enjoying that and will do what he can to keep it going.
Buy good companies when their cheap . Historicley when VET is paying 10% its good value.