Post by
JohnJBond on Nov 18, 2011 4:16pm
Volume
Volume this week was much higher than normal. High volume on a deep discount share price which is holding fairly flat spells accumulation. One wonders if it's accumulation for investment, or acquisition. ps, why buy 9% ish, when you can buy the whole thing (unless those non-core assets are adjacent to your own). I would think anyone who seriously took a look at offering on the non-core assets recently put on the block, would go back to their boardroom thinking it would be cheaper to buy the whole thing! VRO looks like an obvious takeover target for anyone with the cash who'd like another 9000boe on the cheap! After all, why buy 800 odd boe's when you can buy 9000?
Comment by
Troyahorse on Nov 19, 2011 1:15am
I have to agree that if you believe NG prices will head back up in the future you could buy VRO today at a discounted price for maybe $250M or $5.00 x share. (assets + proven resources and including debt), when 2 year ago it would have costed $500M or $10.00 x share when it was trading close to the $7.00 range. It sure looks like a bargain.GLTA
Comment by
JohnJBond on Nov 21, 2011 12:05pm
NG doesn't need to increase - its trading at under 2X cash flow at currect NG prices!
Comment by
liquidcool on Nov 23, 2011 2:54pm
We need a deep freez.....brrrrrrrrr. That will heat us up.
Comment by
Troyahorse on Nov 24, 2011 2:13am
Bring back the ICE AGE, maybe that will freeze everything and NG spot price will finally head back up :-)GLTA