Post by
stockmarket1 on Mar 29, 2021 9:05pm
Vet downgraded....
Well, VET today's performance most likely had to do with Moody downgrading it. Now we'll see if it continues down into Tuesday trading. If so, I'll see it as a buying opportunity knowing that I plan on holding it for some time. Buy on dips. https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/vermilion-energy-inc-moodys-downgrades-204207132.html
Comment by
Tommy123 on Mar 29, 2021 9:38pm
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Comment by
halitosis8 on Mar 29, 2021 10:03pm
great post--thanks. VET kind of moved with the market today. They aren't looking for money, so hopefully Moody's won't have a great impact on the sp. As long as oil stays above $60, they can meet debt reduction targets and increase capex. so far, so good.
Comment by
ThatAlbertaGuy on Mar 30, 2021 12:16am
They downgraded some things but upgraded others "Vermilion's outlook has been changed to stable from negative and its speculative grade liquidity rating (SGL) has been upgraded to SGL-2 from SGL-3" still see positive things for vermilion
Comment by
mnztr on Mar 31, 2021 2:57pm
What do people think of the production estimates form the downgrade. Will VETs production fall to 70K BOE or can they maintain it?
Comment by
halitosis8 on Mar 31, 2021 5:21pm
nothing to date has impacted the forecast of 83,000 to 85,000 boe/d. They're still on track for the forecasted debt reduction too. Moody's only affects them if they issue more paper.