Stock price when the opinion was issued
Lately they've had success in exploration in Germany, but near-term capex to exploit that is questionable. Are hard hit, now trading at half their book value. Are paying a near-6% dividend. He's held on. He may use VET as a source of funds, but otherwise won't sell it.
Has operations in Australia, France, Germany and the Netherlands. A big project a couple of years has been a big natural gas field in Ireland. This started to come on line near the end of the year. Gas prices in Ireland are linked to oil. This is going to be a new stream of revenue and cash flow for them. Feels this is definitely a company that can survive. Dividend payout is high of over 100%. As they bring in the cash flow, this will go down. Dividend yield of 7.3%.