Vero Energy Inc T.VRO

Silly question

[luv2makemoney]

Why has this fallen off a cliff?  Several times?

Thank you

[filefish]

All of the O&G juniors have fallen, only VRO has fallen off a steeper cliff.I can only speculate as to why, aside from the crappy market conditions.They are probably close to maxing out on their credit line.They may have made overcommitments on drilling in the second half of this year, while at the same time, cash flow projections may not be met due to falling commodity prices.The Company

[Troyahorse]

Yes NG market is very depressed and the general market conditions are not helping either, however VRO mantains a strong buy rating and is a stock with 45% holdings by institutional buyers. In this last 2 weeks I have been playing the big cojones song and adding to position as it drops including today at $3.27. See link for latest stock consensus and targest at between 125% to 170% to todays

[luv2makemoney]

Thank you, I have a small position I bought some time ago.The markets are not getting any positive news these days and to makematters worse there is no shortage of bad news.GLTA

[luv2makemoney]

This sell off is starting to get quite over done imo.There must be some very weak hands (getting r^ped for their shares) holding this stock.Either that or the world is coming to an end in which case giving shares away won't help you!!GLTA

[Troyahorse]

Added to position at $3.05 and again at $2.94 now my truck is 3/4 full.What a slaughter house in the markets today :-(GLTA

[filefish]

Yea, thats what I though when it was 5, then 4, and now 3.I went thru this with VRO in 2008. Very similar downdraft, until the stock fell to  2.50 and then stabilized.The company is in a healthier situation now than it was then, with 40% more production, but ultimately everything is going to depend on how low O&G prices go and how long they stay there.We are coning into the

[Troyahorse]

Added to position at $2,85.Everything is dropping now specially NGBuy on lows, buy on panic?GLTA