RE:RE:RE:RE:RE:Another green day for Oil and a red day for VET eric is toting 70$ oil by q3 , vet breaks even at 38 I believe and every 1$ is 17 mill in fcf . So your talking about 100s of millions in fcf and also a low share count . Eric also discredited VET in the past bc he didn't like that the ceo didn't have a lot of shares so his interests where not in align with shareholders , current ceo is the second highest holder of shares . Management has also demonstrated a commitment to debt repayment and even paid down debt in 2020 ... a year where oil went to -30 , they paid off debt .
I think good things are ahead for VET maybe too much bad karma is sticking to them . Things have changed .
Tommy123 wrote:
Oldnagger wrote: Years to pay off debt is not a measure of profitability nor a company's net worth . If it were many of the most highly rated stocks would be completely worthless !!
True. But if interest rates rise, that could be concerning for VET I suppose. That could be why we're trading like a junk oil company.