Post by
DocPat on Mar 30, 2023 6:24pm
I remember when ..
I remember when I bought VET at $0.90 and sold it at a buck and a half in only a few weeks .. Boy, did I ever think I was smart. My annualized rate of return was off the charts! What a mistake. :(
The traders here remind me of this today. Those who bought at $1.80 and sold at $2.25 in just a matter of days must have been feeling pretty proud. And now it's $3.09 .. not so clever after all.
As I have said before, I have never seen a deal or set up like this. Along with the exceptional acquisition, the +- $100,000,000 in the bank and the high impact Thrace play in their hip pocket this certainly feels like VET in the early days .. only better.
Time will tell, but with the runway they have already built ahead of them, this we remain a core holding for me for a long time.
All IMHO, DYOD
All the best to longs,
Doc.
Comment by
firstworld on Mar 30, 2023 6:59pm
VLE will be great for swing trades, as it has been last weeks, on its journey to $8+
Comment by
energee on Mar 30, 2023 8:33pm
I think you are correct on this stock Doc. Great cash flow at the moment and their bank account should be stellar. Great potential to consolidate the waters around their new properties in Thailand and pick off those that are lapping up the green story. Oil and gas will be around for quite a while.
Comment by
jollynik6 on Mar 31, 2023 7:09am
Hi Doc Same here I sold 10000 shares in my cash account in 2020 took a tax loss,never bought them back,But kept 10500 shares in my tax free ,had averaged down to 1.04,so will be keeping them until it hits 10.00 Oh Well