Lower Strip Better for Acquisitions As I recall, VLE has stated on any number of occasions that additional acquisitions are in the business plan and are being evaluated.
The company must have several hundreds of millions of dotters in the bank by now and producing more and more cash every day .. and with No material debt.
Meanwhile, assets of other larger companies that were marginal before will now more likely come up for sale. We know these guys can do accretive acquisitions .. and they have been looking, evaluating, waiting for just the right deal to add.
I believe Sean had said at one point that his target was to have VLE at over 100,000 boe/d and this dip in the oil price must increase deal flow.
At a guess, when the team get this company over 50,000 boe/d they will declare a quarterly dividend .. and a good one.
Patient money my friends, patient money
Doc.