VETAt todays oil prices and from looking at their presentation i calculate that VET is generating aprox. $800 million in cashflow per year.
Capex for the last year [which may be increased this year] is aprox. $360 million. That would leave free cashflow of aprox. $440 million The current market cap. is a little over $1 billion.
At 8 times free cashflow the shareprice should be aprox. $22.
If oil prices hold or keep rising from these levels and as the cashflow starts coming in and investors see that the VET shareprice should eventually rise quite a bit from the current shareprice.
The hardest part is trying to figure out where oil prices are going. I gave up trying along time ago.