Post by
CarsT1 on Aug 01, 2024 10:25am
I was about to say something
`about management after seeing results and share price reaction....
Then I looked at Tourmaline - and see the whole sector was sold off.
Key positives- cash flow generation.
Avoid noise of unrealized hedge gains/losses since the contracts are marked to market but will be held to contract completion.
glta
Comment by
BudFox198777777 on Aug 01, 2024 11:32am
Another quarter where everything improved (more production, less share float, less debt), but the market thought it should have done even better? At this price they need to continue the buy-backs but whenever they decide to end that, they can use that cash to triple the dividend.
Comment by
prested on Aug 01, 2024 12:17pm
Yes indeed Budfox, I wish I had money to buy more VET at these prices.I guess the jitters are caused by the possibility that Harris will beat Trump. No comment. But, as usual markets over-reacting so I'm not going to lose any sleep. GLTAL
Comment by
sicnarf2 on Aug 01, 2024 4:14pm
This post has been removed in accordance with Community Policy
Comment by
Pandora on Aug 01, 2024 4:26pm
Yes, not a good day for O&G stocks. Apparently the big tech stocks also took a hit after the FED spoke. Enbridge seems to have survived reasonably well but not sure if that will carry through. WTI is down but still holding at about $76.89 U.S. WCS actually went up today at $64.31