A good news conference ... Very Positive!Thank god they are not implementing a dividend. Such a move would kill the share price and cause the stock to stagnate. Look what has happened to Canadian stocks like HWX, TVE, CJ, GXE, PNE, just to name a few, that have implemented dividends. If they have excess cash, I would prefer share buy backs and further acquisitions.
The sell-off we witnessed is just the typical "sell the news." Once the swing and day traders have departed, VLE will show its true colours. I am looking forward to Q1 and more so, Q2 results.
I wish other O&G companies I own had the cash flow VLE has as well as its debt level.
glta