RE:Good one to hold for awhilewajac wrote:
The trajectory for VLE is up!
Based on oil production and the share price of its peers it's
under valued. Those who stay the course will be well rewarded.
Insiders buy for a reason. Their lead is always a good omen.
Need to discount value by 80% for poor delivery as promised record, two X 10% dilutions weeks after "non Dilutive" by SG for paltry $20M when they had the cash in the bank....desperation....and two accidents, problems with regulators for wassane restart permits, and overall dismal performance record.
Dont forget about lowest bbl day production at 19K even after spending $150-200M on infill drilling.
Undervalued - yes when they have 24 mths at least of reliable operations, production and deliverables.
This is a fabulous gambling stoick if you can afford to lose 90% in days like SH did in 2018 LOL.