RE:Why is Vet badly lagging the price of WTIThe past is the past. Doesn't matter tbh. We're in a different atmosphere now for this company and sector. As for seeing $30 ever again? Highly doubt we'll see VET at $30 tbh.
If it's struggling to stay above $10 and can't surge above $11+ with WTI & Brent above $70....how are we going to see $30? Not a chance!
WTI and Brent would have to touch $100 for a very extended period of time , drilling production would have to increae a lot from todays numbers ---BOE increasing, mass debt reduction and a healthy dividend reinstatement. Maybe then, we'll see $30 +. A bid for the company would do it too imo. Those scenarios ---- we could very well see $30+. But imho....i doubt it. Close to $20 would be my guess....and that's already a struggle. WTI and Brent are already close to untra highs so.....