CanaccordThey're not the ,most reliable in the analytical dept in my opinion,but they cut Vets target by $5...fron 45 down to 40.Somethings definately out of whack here.I still suspect institution stop losses were triggered.I know that many investment firms use them when a stock drops a certain%..it doesn't matter to them as to why the stock drops.They use it to protect clients.That in turn can create a snowball effect if the stock keeps dropping.Its not necessarily manipulation,but it's easy to see why some would think so.To start something like that would require somebody to deliberately dump a stock at a loss..VET at say sub 30..and they have to do it at with high volume.Somebody did want out for sure..and started an avalanche. It just joined most other Canadian oilco's with yearly lows and in some cases much much more.
As long as the company's can weather this storm,and survive...it can't get much worse longer term.Some valuations are obscene. And investors looking to make money will someday realise that.