How Long?The dialogue regarding Friday's results has been excellent. Most are making a concerted effort to understand the numbers with as little spin as possible. I, for one, appreciate the shared insights. Many of us are disappointed with the buoy situation but do not find it significant enough to put us off the stock.
No one can argue with over 21,000 BO day - what a great number! Like mentioned yesterday, VLE is considerably undervalued when compared to a peer - namely, CJ (Cardinal) - that is producing about the same amount of oil yet has a market cap five times higher than VLE. I know each company is in a very different country and are uniquely different from the other (different assets with different asset life, etc.) However, when compared to CJ, VLE is appears seriously undervalued.
I assume most of us here recognize the same unrealized value in VLE. How long will it take the market to see this value? When the bell rings Monday morning will market even care about the unrealized value of VLE or will it put VLE in the penalty box as a result of the buoy delay and unreported acquisition numbers?