Vermilion Energy Inc T.VET

Guys (and gals), VET looking GOOD! VET generated a new buy

[whoLuLu]

re ; Luckyone on IV

VET generated a new buy signal on both the daily and weekly closing chart, meaning that the bears have lost the control they had obtained 6 weeks ago. The stock did close on the high of the week and further upside above last week’s high at 22.20 is expected to be seen this week. It is important to note that tomorrow (Tuesday) is the monthly close and the stock is having a positive reversal month and is presently trading above the 3-year monthly closing high at 21.02 that was made 2 months ago. This does suggest that the uptrend is about to resume and if that is the case (probably), that the objective is the 25.58 to 26.77 level, which is where the next monthly close resistance is located (which is also seen on all the other charts). On a daily closing basis, pivotal resistance is found at 23.52. If broken, there is open air above to $26. Intraweek support is found at 20.00. Nonetheless and at this time with Oil and Gas looking strong, a drop down to that level would actually be a negative. This does suggest that the bulls will continue to move the stock higher this week and possibly and maybe even probably generate a break out.

[stockmarket1]

Thanks for the post Lulu. WTI is over $117 while VET still floats under $30. Bull sh*t !!

[whoLuLu]

you need a lot of patience here

[stockmarket1]

Since March 9 / 2022 the share price has gone nowhere but slightly down! Today, WTI touched $119 and again VET sinks into the red! Starting to wonder if the market view these energy companies fully valued? I mean, really. If stocks are about earnings, FCF etc. Well, VET is flushing with cash now so why has it not gone past $30? Rigged! 

[Moemoney42]

There will always be those that decide to take profits when the price of crude spikes thinking they've captured the top.. if crude can level off here and hold for a while the traders will tiptoe back in.. we need the fear of a glass floor to finally leave the sector.. that will take a couple more months at these price levels IMHO.. not to mention.. the shorters love when these price spikes

[stockmarket1]

Good points Moe. Hey, by chance. Do you have current info on VET's insider buying? I know Canadian insider has it but that is not real time. I dont have a sedar account either. Just curious if insiders are buying are not. I heard on BNN this morning that cresent has been buying. 

[Pandora]

Not what you call big numbers on the buy side -- and one sell at 5K? As of 11:59pm ET May 31st, 2022 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price May 19/22 May 19/22 MacDonald, Geoffrey Robert Direct

[stockmarket1]

Thx Pandora. Yes, not earth shattering for sure. On BNN today, they said cresent had over 300k of insider buying which is very bullish/ I was hoping VET would be a similar track. 

[Oldnagger]

The American hedge funds are back at their desks ,and they are decidedly unhappy about what we unruly Canadians did yesterday !!

[Chandler97]

While it's frustrating, it won't last forever. When the MJ vets keep rolling in, it will pop. I am still buying.