Vero Energy Inc T.VRO

vero presentation - first energy

[filefish]

https://jetslides.tv/lobby/291

Not much discussion about VRO lately, as the stock has really languished in recent months.
Hope to get a pleasant surprise from the update on their most recent drilling projects at tomorrows conference presentation. Keyword: Oil wells
Could not resist the temptation today to buy more VRO shares.
Comments anyone?

[DanAssman]

Seems to be beaten up for no good reason...hopefully late november will see a rise....need stronger NG price

[filefish]

They just posted the November presentation on the website. https://www.veroenergy.ca/Docs/November-2010-Corporate-Update.pdf Even with low $4.20/mcf gas price , still forecast cash flow of $85 mill. Not bad at all. New page showing Viking core area - oil prospects

[filefish]

Interesting valuation point made  on page 22 of the presentaion where Vero lands are overlapped on a map of  locations that were acquired this year. Vero is sandwiched in right the middle of properties that had an average sales price of $68m/boed, with a similar gas % as Vero.Using those metrics you can value VRO at $68m x 10mboed = $680,000mil or around $14.00/sh