Moving forwardFor the time being the huge run-up in European NG seems to have settled down.
Unrealistic rates for long don't last, can't last unless there was a real long-term shock.
VET has done nothing wrong I believe, they just have not done things right totally. They are being patient to wait and see how the numbers look longer term.
Next quarter should prove out very very well and the 1st quarter even better.
At some point debt will be paid down faster, and a dividend will be forthcoming.
I don't think anything negative has happened with the company, they just are not good at communicating the specifics. I saw the guy on TV the other day, not sure if he was the CEO or President and he was not very clear in stating any specifics of what they were doing, what they expect, how things were getting better or worse.
Drilling costs have been going down for everyone with ERH's however there is a 10% to 15% built in inflation that is going to come about down the road.
When I look at a new company I try to look at the presentations, most are lacking other than Peyto, monthly newsletters to keep everyone uptodate??? most don't do that, some do like PEY and GXE. They may not give you everything you want to hear but they do at least remind you the company knows you are here.
I bot on the drop last week, too high and may have to buy more around $12. or $12.50 range to help going forward. It may be quite a while before it comes back, and it may only be a few days or weeks depending upon this winter's demand.
When it does go up people will be kicking themselves.