RE:RE:RE:RE:RE:RE:RE:Kelts is projected to growth Commodity Sales SignificantlyVET has a good overseas profit model. VET's track record however is of taking the overseas cashflow to invest in Canadian oil and gas instead of returning it to shareholders - they partially had it right when they paid the big dividends (some of it needed to be variable), they went astray when they borrowed heavily to sustain the dividend and invested in Cdn oil and gas.
My guess is VET will be investing more $$$ in CEI in the not too distant future..... When really what they should be doing is unload OR SPINOFF the Canadian assets (and the US), pay off the debt and pay the rest back to shareholders. Their core competence is overseas oil and gas - they should return to their roots.
The lack of financial discipline is endemic to Canadian oil and gas. The only 9 I would trust right now are CNQ, TOU, ARX, SU, IMO, MEG, WCP, POU and IPCO.