Anyone trading VET needs to realize that there could be a huge opportunity cost missed by trying to sell then buy back in. Vet is severely undervalued. Some day or any day, a big player or several are going to want to get on board. That in turn could cause a flurry of short covering.
until the day arrives that the financial community puts a proper evaluation on companies like VET , they will spend their cash flow on debt reductions dividends and buybacks. Capex will be last on the list and only enough to maintain current production.
Oil and gas prices can only go up until then. When the market and financial institutions finally concede, then share prices will rise, and in a hurry !