Post by
shakka on Aug 16, 2021 1:48pm
Total Debt at 1.75bil
See slide #17 in August presentation.
Comment by
whoLuLu on Aug 16, 2021 3:41pm
VET has been treated very poorly today. Wonder if there was any misinterpretation of the release?
Comment by
Tommy123 on Aug 16, 2021 4:02pm
This post has been removed in accordance with Community Policy
Comment by
whoLuLu on Aug 16, 2021 5:28pm
IF that is so Tom maybe it should have fallen 50% or more.
Comment by
EnergyWatcher55 on Aug 16, 2021 6:31pm
You are wrong. VET's Q2 earnings was amazing! Total debt was decreased to $1.7B and the outlook is promising!
Comment by
Oldnagger on Aug 16, 2021 8:04pm
Thanks for the info, I was really trying to surmise whether it was necessary to record the provisions I am not sure whether your post answers that question definetively ?
Comment by
Oldnagger on Aug 16, 2021 8:38pm
Thanks for clearing that up !!
Comment by
halitosis8 on Aug 16, 2021 8:43pm
it's still not clear to me oldnagger--your comments helped me a lot. swaps, puts, three way collars. it all sounds like a sex manual from the 70s. just one more example of the same accounting Tourmaline : $60 million VET is no better or worse than many other companies re hedging. In the end, it's the FFO and FCV that matter, or so I tell myself....
Comment by
Oldnagger on Aug 16, 2021 8:48pm
Ah yes, the 70's !!!, don't forget the 60's either !!!
Comment by
mnztr on Aug 17, 2021 2:31am
It could be CDN reporting rules are different. Also mgmt may want to defer taxes.
Comment by
Oldnagger on Aug 16, 2021 4:24pm
I don't know about misinterpretation , but anyone saying that $2.50 FCF on an $8.31. Stock price is Catastrophic needs some very Special Attention IMHO
Comment by
Relaxrelax on Aug 16, 2021 4:53pm
Just another buying opportunity.....results should continue to get better and better as all economies will have to keep opening. India just lowered their covid alert. Be patient all longs, the shorts can't keep this down forever.