RE:RE:RE:RE:RE:FFO says it all - based on Q3 Numbers - Its a Steal
You must like my investments, you keep following me around. Pretty soon i will start charging you.
VET is on the right side of the LNG trade, no one in Europe shuts in gas, and its currently trading for 17 dollars.
Guess what no emissions cap and no production cap and no carbon tax, all good things for VET.
Like we saw last quarter it really doesn't matter how many boe's you produce. What matters is your gas marketing strategy, and your ability to hedge with some inteligence. Selling gas at 59 cents MMcf what something even ARX could not do, so they shut it in.
The marketing team can marginalize the efforts of even the best technical teams, with poor gas marketing decisions that result in the shutin of even the most economical gas production.
Now we have seen it all, haven't we.....
IMHO
MHP