@ShaleTier7 100% spot on. $VET would be a $60 stock if they didn’t do this acquisition back in 2022. Liquids yield are low and $LXE was definitely not Tier-1 asset by any means. I’m glad to see they have started selling coelacanth stocks…they were buying from open market for a while
The European Gas Market Just Tightened Dramatically & Why Vermillion Energy ($VET) is a Table Pounding Buy (EV/EBITDA < 3.5x) $VET $VET.TO #oott#crude#ttf#wti#COM - link below (no paywall)
Up 22% since my last purchase on March 6. Think it’s going higher still. EV/EBITDA is now only 3x as oil&gas prices have gone up
$VET $VET.TO #oott#COM
The European Gas Market Just Tightened Dramatically & Why Vermillion Energy ($VET) is a Table Pounding Buy (EV/EBITDA < 3.5x) $VET $VET.TO #oott#crude#ttf#wti#COM - link below (no paywall)
@tommacinnis Each of Hazell, Scott, Smith, and Virbitsky informed the board that their respective resignations were due to disagreement with the majority of the then 5-member Audit Committee regarding the handling of the Audit Committee's independent investigation into an anonymous complaint
@ShaleTier7 I don’t understand why and how are they still reporting the fake reserves…PDP RLI of 12 years??? That’s higher than most SAGD producers lol
@BubleQe Do the math. $VET.TO already provided the FFO sensitivity table in Corp deck. They are going to significantly benefit from higher TTF gas prices. $23MM more for every 1/MMbtu move. It’s about 10 bucks higher vs budget. $9MM higher for $1 move in oil. #OOTT#Iran#IranWar#ttf