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Bullboard - Stock Discussion Forum Vero Energy Inc T.VRO

TSX:VRO - Post Discussion

Vero Energy Inc > Unbelievable!
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Post by jarnik on Feb 23, 2009 3:21pm

Unbelievable!

How low can this go?  Must be trading at 1-1.5 times 2009 cash flow.  Thoughts?
Comment by jayd54 on Feb 23, 2009 6:18pm
Yes, in the perspective of what happened in early to mid 2008, the trading price for VRO as well as a lot of its peer group is indeed unbelievable.A huge risk now is that VRO, CR, GO and others that have demonstrated reasonable ability to find and develop will be scooped at irrational pricing.  Who has the cash?  Well, figure TLM to be a buyer from the larger cap E&P side and well ...more  
Comment by filefish on Feb 23, 2009 6:22pm
That number may be more like 2-2.5 times cash flow based on todays reality.The last VRO presentation in Dec. had 2009 projected cash flow at 90 mil. That was based on 7.00 gas and 70.00 oil. Cash flow is probably more like 40-50 mil on todays prices. And debt has risen to 90 mil.We should be getting an updated presentation soon.Based on the public reports I ...more  
Vero Energy Inc
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