Post by
stockmarket1 on May 11, 2022 6:18pm
Stellar results.
Corrib unit is proving to be a great acquisition going forward. $600 mill. Excellent! If VET isn't $40 by years end, I'll throw in the towel. Especially if WTI, BRENT AND NAT GAS remain above $90! No way it can't hit $40 by years end!
Comment by
L0ung3r on May 11, 2022 6:28pm
I've been calling this a $50 stock in 12 months if current pricing remains.
Comment by
EnergyWatcher55 on May 11, 2022 6:35pm
Q1/22 should have been amazing, however VET is anchored by its ridiculous hedging and its paltry 0.06 cents per quarter. Remember VET had a MONTHLY DIVIY at 0.23 cents. $50 is a pipe dream.
Comment by
blackace on May 11, 2022 6:50pm
Lol, too bad you shorted hey?
Comment by
Quintessential1 on May 11, 2022 7:43pm
Everybody hedged. Hedges are dropping off as we move forward and as debt is reduced. Once they hit their debt target and subsequently their debt floor, what do you suppose they will do with all of that FCF that will only increase as the hedges roll off? GLTA Longs
Comment by
BudFox198777777 on May 11, 2022 7:49pm
They will get back to a bigger dividend once they achieve their set targets, which at the current rate will happen in the next quarter.
Comment by
clamlinguine on May 11, 2022 7:53pm
Pro forma free cash flow of 50% with no ticking bombs that I've come across so far. Two thumbs up.