Post by
moneysworth on Feb 03, 2009 11:06pm
OK, I don't get it?
I listened to analyst after analyst on BNN talk about Vero Energy and make it their top pick over the last 5 months.
They've talked about their great management usually exceeding expectations. About them exiting 2008 at 8800 BOE's per day. They've mentioned their $40% growth rate. Three analysts have it as a Strong buy, 6 as a Buy and 2 a hold...with estimates ranging from $6 to $11 dollars. So what the #&@% is happening??? Yes Nat Gas prices stink, but Vero has low cost reserves, and prices should improve in the foreseeable future. I bought a whack at $6 and more at $5. Should I dollar cost down, or give up on this puppy? We are now at record lows. Never in the last 5 years has Vero been at these levels. I'd appreciate any comments on whether I should stay the course or park my money elsewhere?
Thanks...
mworth
PS. Should have stayed away when Joe Schachter made it one of his top picks! His record is brutal!
Comment by
davwal on Feb 04, 2009 7:13am
you pretty well said it all,i bought in at the same levels and i still hear analysts having a buy or hold on this stock.im gonna hang on to this stock,it will eventually recover,though i might of wished i didnt.nat.gas may not recover till 2010,but one thing we have learned from this whacked out market is that things can go up just as quick as they fell down.
Comment by
specboy on Feb 04, 2009 7:32am
try and keep your concerns in context:GO @ $3.00HPX @ $4.00FEL @ $4.00SU @ $20.00CNQ @ $42.00etc
Comment by
presto10 on Feb 06, 2009 11:20am
BTW, I too used to own VRO, and like others I guess that's why this one caught my eye, for its deep fall.
Comment by
menotknow on Feb 12, 2009 11:13am
Me too...at these levels I've been buying back. This is solid - I bought when they first came out of the gates; I bought a bit higher than this...sold at $8.50.