Vero Energy Inc T.VRO

Vero - property sale

[filefish]

https://www.firstenergy.com/page.php?p_id=11&s_id=74&page_type=36&offering_id=38

Vero's Whitecourt properties have been up for sale.
With 800 boe/d + land, any thoughts as to what this package might be worth?

[JohnJBond]

$27 - 42 million. The 10% NPV is given at $27m, so I expect they are looking for that number, and hoping for something better...............so somewhere from 67c to $1 per share.This means they are up against it, in terms of bank lines. It also means they are not going to issue new shares at current prices (ie they know they are undervalued) and selling off non-core parts is a useful mean of

[Troyahorse]

Proposals are due on October 27, 2011. A copy of the CA is available on the FirstEnergy website at www.firstenergy.com/vero or by contacting FirstEnergy directly. So when can we expect to hear if the had any proposal or offers and if any of them is to be accepted? (how long does a process ike this usually takes) Thank

[ecolo101]

TroyaHang in there! Maybe you wil make another ONR......GLTyouI am long on VRO. my avg is 2,40x. One day we will see north of 5.00$ Don't sell your shares to trading houses ....

[Troyahorse]

EcoloFirst sing on snow in Vancouver this mornng, hoping for NG prices to head up.Stock is being under heavy stress lately but I am holding full position with over 30... shares at $ 4.15 as I was buying when stock was around $5.00 with a $7.00 target, Anyhow I have average down a little but will not be able to make your great average.Expecting first dividend from ONR/PSN split in DecemberGLTY