Post by
JohnnyDoe on Nov 10, 2022 3:28pm
I bailed today
Sold my vet position today. Will look to put that money elsewhere in the cdn mid cap oil space.
i just don't like the look of the windfall tax. Confiscation is what it is, plain and simple so I'll avoid investing in companies that are exposed to it.
Comment by
DukesMtl on Nov 10, 2022 4:08pm
The sissies got shaken out and I bought a chunk at 26.00 Nothing wrong with being on the side reaping Windfall prices.
Comment by
Moemoney42 on Nov 10, 2022 4:08pm
Hope you didn't sell at the low..? :-0
Comment by
stockmarket1 on Nov 10, 2022 5:40pm
Now that you did what you did...the shares are going up lol. I'm buying first thing tomorrow morning. 2 days of selling.....overdone and we're going up imo
Comment by
Moemoney42 on Nov 11, 2022 9:57am
Hmm.. I hope you put that money to work right away yesterday.? We got a nice gap up across the sector today..! ;-)
Comment by
Moemoney42 on Nov 11, 2022 11:38am
I think we have a good chance of getting back to ~$31 by months end, if WTI can hover around the ~$90 mark, give or take a couple bucks.. That price would account for the windfall tax value of $350 M. and bring the stock back to where it was trading prior to the Q3 numbers..
Comment by
wkrpradio on Nov 11, 2022 3:40pm
Thank you for the opportunity , for myself as well as others , to pick up some discounted shares. The world still needs oil and gas and VET has some great assets.
Comment by
Pandora on Nov 11, 2022 4:56pm
For dividend seekers the time function of Peyto may cause some to hesitate a bit. The dividend change is not effective unti mid- February for shareholders on record as of ?mid-January. Of course the issue of whether the possibilty of a good capital gain in the meantime can drive many to jump on it right away.
Comment by
Oldnagger on Nov 11, 2022 4:59pm
Peyto has shown how dividend increases can move market valuations up. The same could be easily done for VET yet we all know how that ended up Certainly not saying that it will happen again for either company. Just that my focus is always on the fundamentals , and VET still has the best rate of return !!