Post by
MyHoneyPot on Oct 11, 2024 10:10am
New to Vet
I bought in the other day, a small starting position, thinking they may not be impacted to the same extent with gas prices in Q3 AECO, and it looks like they are adding some significant Montney.
Their share count very reasonable, and a good production numbers with reasonable debt, that they are reducing.
I got the feeling they have turned the corner, and bring on the Montney production could be a be booast in it looks like a good neighborhood.
MHP
IMHO
Comment by
Oldnagger on Oct 11, 2024 10:33am
Don't overlook their European nat gas exposure . Vast Undeveloped acreage and very profitable international gas pricing backed by solid and growing competitive demand from Asia
Comment by
MyHoneyPot on Oct 11, 2024 10:43am
Yes, it looks like Croatia and Germany will be ramping up in gas, and they get onshore LNG prices, so that looks solid to me. I watched a investor day of theirs a few years ago and got lost in each are presenting independantly, however it looks like they have come a long way in the management of their porfolio. IMHO MHP
Comment by
Oldnagger on Oct 15, 2024 4:34pm
As a kicker , VET owns 20% of Coelacanth Energy. Their primary asset is 150 sections of land in a liquids (30-55% ) rich region of the Montney just south of Kelt and east of Crew https://19953004.fs1.hubspotusercontent-na1.net/hubfs/19953004/Corporate%20Presentation/CEI%20Corporate%20Presentation%20Oct%202024.pdf
Comment by
MyHoneyPot on Oct 16, 2024 3:04pm
Thanks i am checking this out. MHP IMHO