Post by
mnztr on Jul 23, 2021 11:32am
Consolidation is gonna explode
With cashflows this high and prices this cheap, consolidation will start sooner or later. Lots of oil companies are drowning in cash. I wonder if its cheaper to drill or buy? Has anyone done the math?
Comment by
halitosis8 on Jul 23, 2021 11:45am
that's a good question mnztr. the follow-up is: should VET buy back shares or buy another property or company.
Comment by
ronster65 on Jul 23, 2021 12:26pm
Why would'nt VET start buying up some shares at these prices? Sure pay down debt and buys shares and sell down the road when stock is at $30.00 thus paying down even more debt.
Comment by
mnztr on Jul 23, 2021 4:25pm
Because they have a lot of debt and interest is a fixed cost. But equity is free.