RE:Great information here...Two things in life that are certain. Death and taxes.
Do not underestimate any government's ability to take the value from this company.
Dividends now while the rates are low and still eligible.
"there is no sense in having the governments tax ME along with the Company buy insisting on cash dividends"
GLTA WTG J.W. Mauck
aphill wrote: I have been impressed by the knowledge of the various posters here. You know who you are...
Rarely do we see such compelling value as in VET.
2 million acres under lease...and the europeans STILL haven't come to grips with the answer to their energy needs.
VET will drill, baby, drill EVENTUALLY and when they do I hope they rake the morons over the coals who made these political decisions based on dogma rather than science...although, once again, it is the common folk who suffer the most with 40 dollar per thousand cubic feet gas.
I do not want VET to pay anything other than a paltry few pennies...there is no sense in having the governments tax ME along with the Company buy insisting on cash dividends...SELL COVERED CALLS IF YOU WANT CASH...let the company buy back shares to reduce the shares outstanding...or go on a binge buying assets that pay for themselves in a couple of years.
VET management gets it. BUY LOW and SELL HIGH. When Lars said he sold the summer gas at 90plus Canadian, the neighbors heard me holler!
A. P. Hill, RIP