RE:RE:RE:RE:National Bank on VET - $53stockmarket1 wrote: $53 price target!? I think that's the highest recent target I've seen for VET? Wow. Talk about major optimistic. It sure would be a huge bonus if we actually saw vet reach $54.
I'd certainly like to see it. I'm banking on them all rising. It's going to be interesting to watch this play out over the year. It seems were in for sustained 100+ oil. In that scenario, Canadian companies are producing massive fcf. They can't really drill. First off there are labour constraints, secondly there's a takeaway capacity shortage so more production leads to a larger WCS differential. If they are spitting it out in dividends and the market bids up the share price to normalize the yield around 5%, the market caps will be crazy.