RE:RE:Something Very InterestingOne of the most compelling stocks i have looked at, when you think 12.8 % FFO per share in Q3, which is 51.2 % FFO/share on an yearly basis, that is crazy.
I like the paying down of debt because it keeps the capital on the balance sheet. It gives them flexibility to expand operations and reduces the need to go to the market for financing if they see an opportunity.
I recently talked with on company that was agressively buy back shares, then they want to buy an asset and was reluctant to issues shares because of the message it would send to the market after all the buybacks, so now they are sitting on a lot more debt then they are comfortable with.
Time is money, and if your operations have to be scaled back because you want to buyback shares, it say to me fiscal wizardry is more important than being an good oil and gas operator, and that is not the case, and should not be why you invest in oil and gas stocks.
VET has some very high netback investment opportunities, much higher than you will see in Western Canada.
IMHO