Post by
viper2000 on Mar 10, 2022 1:11pm
vet or bte
looking at buying vet or bte which company has more upside? tia
Comment by
RayDonovan78 on Mar 10, 2022 7:04pm
I just sold both with some nice gains. In my opinion oil is going to roll back to below $90 how it will effect stock price ????? Remember its a commodity as fast as it goes up, it comes down faster
Comment by
stockmarket1 on Mar 10, 2022 7:30pm
If you have a short term view, then yes. Not longer term though --- 3+ years. Just think where we were just 1 year ago.....and now! VET's break even I think is $60 wti? Well, at $90...still raking in cash! We'll be hire by summer.
Comment by
crappot on Mar 10, 2022 7:38pm
RAY, I'M GONA BET YOU WITH A 2 By 4...
Comment by
mnztr on Mar 10, 2022 9:18pm
In 2019 when VET was at this price oil as only $55. So at $90 VET is worth around 45-50. Add corrib and you have $60. Some time in Q2-3 VET will start upping the divy or do buybacks as they really have to in order to avoid being taken out super cheap. In fact IMHO there is already a big risk of this.
Comment by
stockmarket1 on Mar 10, 2022 9:44pm
As I previously stated here.... Even if WTI and Brent declined down to $70 - $75 level --- and thats a large decline from current levels. VET is still raking in a boat load of cash AND.....by that time the debt will have been paid down even more. We're good for a while longer imo. The more VET declines....ample cash at hand to buy. Yup...I welcome it, personally.
Comment by
Pandora on Mar 11, 2022 12:59am
I sold 500 the other day and turned it into 1800 CHE.UN A good dividend and if this commodity run can hold it should have some up side to it.