Oil price for VET to stay profitable Two Moe's...if you can please do us a favour by taking your courtship to the private room (PM).
I'm so worried for Aurum. I only have 17,500 shares of VET (but I bought recently), so my loss is nothing compared to his. But don't you worry, my dear, even though I already bought some gold, I'm cheering for it to drop hard so you can buy back again on the cheap. Once you're in, we can ride it up together. What you said was almost psychic. You said VET will drop down to $12 before it will go back up. You're correct on your first prediction. Now be right on the second one. :-)
Can somebody please let me know at what price of oil can VET continue being profitable? I mean earning enough FCF to pay off debt, run the company, pay a small dividend etc. Goldman Sachs is predicting oil prices to go much higher in 2022 (with US SPR release fully priced in), I wonder what are the factors that can send oil prices plummeting again.