Post by
EnergyWatcher55 on Mar 04, 2021 4:22pm
VET-whats not to like?
VET is intrernationally diversifed. Not PIPELINE dependent (such as the vetoed Keystone XL).
VET has oil pricing in light oils, condis, and BRENT oil which today clocked in at $67 US.
VET does not produce HEAVY oils. No oilsands discounts.
VET has European nat gas priciing which is surging.
VET has a LOW outstranding share float at 158 M. No DILUTION.
VET is a leader is ESG.
VET employees own 5% of shares. They all have a vested interest VET.
Based on OPEC's support for oil and US shale oil off by 3M barrels, VET should reduce its debt SUBSTANTIALLY.
Even VET did not predict oil in the $60s this early.
The buyers are coming back. Look at the % increase today compared to the other oily names.
VET Mgmt is determined to right the ship, and if all goes well, whats not to like?
Congrats!
Comment by
Grandcentral on Mar 04, 2021 5:16pm
Debt. It's a cancer that grows. Once under control, Vet will be attractive again, but right now they need to prove they can fix the balance sheet. They are a bit of a 12 headed monster with a big appetite. SU knows it's market place and has better direction.