Post by
baranja on Feb 05, 2021 10:27am
at this point of time
This is by far the worst performing oil and gas company in Canada, period. The worst dog with flees.,.. but dogs are good to look at nowdays. big opportunity. This dog will have to be at least 15 to match moves in Can energy sector
Comment by
stockmarket1 on Feb 05, 2021 11:18am
It'll get over $10 by summer imho. Especially, if earnings report in March is far better than the street is expecting. Just wonder, however, if some of the current rally is factoring that in? Either way, I do believe we won' be seeing any aggressive pull-back here anytime soon. I'd be very surprised if VET went below $6 again. Unless, tho.....if sh*t hit the fan lol.
Comment by
Backinblack1000 on Feb 05, 2021 11:46am
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Comment by
mnztr on Feb 05, 2021 1:53pm
WCSC is a good indicator but VET gets a good premium over that. Most of its production is NGLs which is used to dilute the oilsands so it can travel through a pipeline. More NGLs = thinner crude= more capacity. So NGLs are always in demand even when demand is low cos pipeline transport is 1/10 the cost of trains.
Comment by
Backinblack1000 on Feb 05, 2021 2:32pm
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Comment by
mnztr on Feb 05, 2021 7:45pm
Don't think so, most of the pipe is underground.