RE:RE:RE:Totally lost it.I just took a position in VET today. 2 ways to play it. Either you buy low (and it's usually low for a reason) and hope they can solve whatever the problem is OR you buy when it breaks through a certain value on the upswing. VET broke $10 US today and I bought it late this afternoon. The main reason it was trading so low is the price of oil had totally collapsed since 2014 (with the exception of about 11 months in 217-2018). With the price of oil above $60, they can pay their debt load. That takes us to the second reason, DEBT. So now with oil above $70, their cashflow will be excellent and they are not in danger of defaulting on their debt. Oil doesn't need to go any higher. It just needs to stabilize at $65+ for the sp to appreciate in tme. I am betting it will be in the 65+ range for the next year or so at least and so I i bought.
Good Luck Joe!