Vero Energy Inc.

VRO-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about VRO-T

Signal
Opinion
Expert
WATCH
WATCH
June 13, 2012
Very clean focused Western Canadian oil producer. It looks close to putting in a technical bottom. Right now it is becoming interesting and he will be watching it closely. Any sort of bottom should be in the summer.
Very clean focused Western Canadian oil producer. It looks close to putting in a technical bottom. Right now it is becoming interesting and he will be watching it closely. Any sort of bottom should be in the summer.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$2.030
Owned
No
PAST TOP PICK
PAST TOP PICK
May 16, 2012
(A Top Pick June 8/11. Down 58.62%.) Sold his holdings in the high $4's so had a mild loss. Given management's past, he thinks they will have a tough time gaining traction with the street.
(A Top Pick June 8/11. Down 58.62%.) Sold his holdings in the high $4's so had a mild loss. Given management's past, he thinks they will have a tough time gaining traction with the street.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.110
Owned
No
PAST TOP PICK
PAST TOP PICK
April 5, 2012
(A Top Pick May 10/11. Down 54.37%.) Have sold their gas assets and paid off all their debts. Focused now on the Cardium oil. Doing about 67% liquids. His target is $4. Could get cheaper in the next two quarters. Table pounding buy under $2.
(A Top Pick May 10/11. Down 54.37%.) Have sold their gas assets and paid off all their debts. Focused now on the Cardium oil. Doing about 67% liquids. His target is $4. Could get cheaper in the next two quarters. Table pounding buy under $2.
Josef Schachter
President, Schachter Asset Management
Price
$2.370
Owned
No
PAST TOP PICK
PAST TOP PICK
March 19, 2012
(Top Pick June 8/11, Down 44.43%) Was recommended on basis of selling off the Nat Gas business but not as soon as he had hoped.
(Top Pick June 8/11, Down 44.43%) Was recommended on basis of selling off the Nat Gas business but not as soon as he had hoped.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.870
Owned
No
SELL
SELL
November 30, 2011
Perception is that the company has always been over leveraged and management tends to spend more than what they borrow. Leverage is still too high at about 80%. He would hope that they sell to another company. Consider as a tax loss.
Vero Energy Inc. (VRO-T)
November 30, 2011
Perception is that the company has always been over leveraged and management tends to spend more than what they borrow. Leverage is still too high at about 80%. He would hope that they sell to another company. Consider as a tax loss.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.270
Owned
No
HOLD
HOLD
September 28, 2011
70% gas weighted. Not very bullish on gas so hold.
Vero Energy Inc. (VRO-T)
September 28, 2011
70% gas weighted. Not very bullish on gas so hold.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$2.640
Owned
Unknown
TOP PICK
TOP PICK
June 8, 2011
One of the cheapest stocks in the country. 3.5 times enterprise cash flow. Market doesn’t like current management team. Hopes the company will put themselves up for sale and spin out an exportation company. Over 40% upside on that basis.
One of the cheapest stocks in the country. 3.5 times enterprise cash flow. Market doesn’t like current management team. Hopes the company will put themselves up for sale and spin out an exportation company. Over 40% upside on that basis.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$5.590
Owned
Yes
TOP PICK
TOP PICK
May 10, 2011
Fabulous winter drilling season. Were doing 9,000 BOE's a day but are now doing 12,000. Expecting over 10,000 this year. His NAV is $8.23 and looking for a cash flow of about $2 run rate.
Fabulous winter drilling season. Were doing 9,000 BOE's a day but are now doing 12,000. Expecting over 10,000 this year. His NAV is $8.23 and looking for a cash flow of about $2 run rate.
Josef Schachter
President, Schachter Asset Management
Price
$6.010
Owned
Yes
BUY
BUY
April 14, 2011
Great company. Drilled 11 wells in the first quarter and production has moved up to 11,000 BOE’s a day from 9,000 a year ago. Moving into more liquids rich. 20% oil and liquids in 2009 and will move this to 30% by year-end. $9.25 target. Any time you see any weakness, you Buy and put away.
Great company. Drilled 11 wells in the first quarter and production has moved up to 11,000 BOE’s a day from 9,000 a year ago. Moving into more liquids rich. 20% oil and liquids in 2009 and will move this to 30% by year-end. $9.25 target. Any time you see any weakness, you Buy and put away.
Josef Schachter
President, Schachter Asset Management
Price
$6.000
Owned
Yes
HOLD
HOLD
February 22, 2011
Has been very successful in the Cardium play recently. 12-month target of $9.25. Sees them doing 10,000 BOEs plus next year. Cash flowing $1.60 so a reasonably cheap number. Balance sheet is in good shape. 20% liquid in 2009 but should be 30% by the end of the year which should give 50% of revenues for oil and liquids.
Vero Energy Inc. (VRO-T)
February 22, 2011
Has been very successful in the Cardium play recently. 12-month target of $9.25. Sees them doing 10,000 BOEs plus next year. Cash flowing $1.60 so a reasonably cheap number. Balance sheet is in good shape. 20% liquid in 2009 but should be 30% by the end of the year which should give 50% of revenues for oil and liquids.
Josef Schachter
President, Schachter Asset Management
Price
$6.370
Owned
No
HOLD
HOLD
September 21, 2010
Good small junior. Reasonably decent balance sheet. Being small without a focused strategy is limiting.
Vero Energy Inc. (VRO-T)
September 21, 2010
Good small junior. Reasonably decent balance sheet. Being small without a focused strategy is limiting.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$6.210
Owned
No
PAST TOP PICK
PAST TOP PICK
April 26, 2010
(Top Pick Apr 24/09, Up 76%) Sold in January. Market looks frothy on a short-term basis.
(Top Pick Apr 24/09, Up 76%) Sold in January. Market looks frothy on a short-term basis.
Andrew Cook
, Andrew Cook and Associates
Price
$7.020
Owned
No
HOLD
HOLD
March 5, 2010
(Market Call Minute) Valuation is a little rich.
(Market Call Minute) Valuation is a little rich.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$7.050
Owned
Unknown
WATCH
WATCH
January 22, 2010
Likes the name. You could buy but he would wait for further results in the Cardium play. Very good management.
Vero Energy Inc. (VRO-T)
January 22, 2010
Likes the name. You could buy but he would wait for further results in the Cardium play. Very good management.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$6.530
Owned
No
PAST TOP PICK
PAST TOP PICK
January 20, 2010
(A Top Pick Apr 4/09. Up 66%.) Just sold his holdings. Was getting overbought on a technical basis. Would buy again on weakness. About 80% natural gas and also has a Cardium oil play that is getting a lot of attention.
Vero Energy Inc. (VRO-T)
January 20, 2010
(A Top Pick Apr 4/09. Up 66%.) Just sold his holdings. Was getting overbought on a technical basis. Would buy again on weakness. About 80% natural gas and also has a Cardium oil play that is getting a lot of attention.
Andrew Cook
, Andrew Cook and Associates
Price
$6.650
Owned
No
WATCH
WATCH
January 19, 2010
Gas weighted in the Montney northwest Alberta, the most prolific and economic play. If you like gas this would be the one. He is inclined to wait until spring to see how much gas is around.
Vero Energy Inc. (VRO-T)
January 19, 2010
Gas weighted in the Montney northwest Alberta, the most prolific and economic play. If you like gas this would be the one. He is inclined to wait until spring to see how much gas is around.
Glenn MacNeill, P.Eng.
CIO & Sr. Portfolio Manager, Lawrence Asset Management
Price
$6.650
Owned
No
BUY WEAKNESS
BUY WEAKNESS
January 15, 2010
Just announced 09 numbers, which were very positive. Stock jumped 15%. Support is probably around $4.80. Wouldn't be surprised to see a pullback to $6-$6.10. Technically he can see a trading up to about $8.
Vero Energy Inc. (VRO-T)
January 15, 2010
Just announced 09 numbers, which were very positive. Stock jumped 15%. Support is probably around $4.80. Wouldn't be surprised to see a pullback to $6-$6.10. Technically he can see a trading up to about $8.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$6.520
Owned
Unknown
HOLD
HOLD
January 13, 2010
Gas weighted. Had a little bit too much debt last year so the stock price came off quite a bit but is now starting to move up. Valuations are good but have to do something with their debt.
Vero Energy Inc. (VRO-T)
January 13, 2010
Gas weighted. Had a little bit too much debt last year so the stock price came off quite a bit but is now starting to move up. Valuations are good but have to do something with their debt.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$5.430
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 30, 2009
(A Top Pick April 24/09. Down 4.5%.) Still a Buy.
Vero Energy Inc. (VRO-T)
November 30, 2009
(A Top Pick April 24/09. Down 4.5%.) Still a Buy.
Andrew Cook
, Andrew Cook and Associates
Price
$3.730
Owned
Yes
BUY
BUY
November 9, 2009
Small but has a pretty good balance sheet and is a low-cost producer. Pretty good drill results.
Vero Energy Inc. (VRO-T)
November 9, 2009
Small but has a pretty good balance sheet and is a low-cost producer. Pretty good drill results.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$4.090
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 28, 2009
(A Top Pick Apr 24/09. Down 3.8%.) Natural gas producer. Great asset base. Will be doing a fair amount of drilling activity over the next 6 months.
Vero Energy Inc. (VRO-T)
October 28, 2009
(A Top Pick Apr 24/09. Down 3.8%.) Natural gas producer. Great asset base. Will be doing a fair amount of drilling activity over the next 6 months.
Andrew Cook
, Andrew Cook and Associates
Price
$3.870
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 20, 2009
(Top Pick Nov 14/08, Down 25%) Because of debt load they have not done as expected.
Vero Energy Inc. (VRO-T)
October 20, 2009
(Top Pick Nov 14/08, Down 25%) Because of debt load they have not done as expected.
Josef Schachter
President, Schachter Asset Management
Price
$4.750
Owned
Yes
HOLD
HOLD
September 14, 2009
Junior Alberta gas producer. A little bit weaker than its peers. OK but not one of the stronger ones in the sector. Management is working on the debt problem. You have to keep your eye on it.
Vero Energy Inc. (VRO-T)
September 14, 2009
Junior Alberta gas producer. A little bit weaker than its peers. OK but not one of the stronger ones in the sector. Management is working on the debt problem. You have to keep your eye on it.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$3.940
Owned
Yes
BUY
BUY
September 10, 2009
If you are looking for a stock that is going to benefit with an uptick in gas prices, this is one of the top picks.
Vero Energy Inc. (VRO-T)
September 10, 2009
If you are looking for a stock that is going to benefit with an uptick in gas prices, this is one of the top picks.
Peter Brieger
Chairman & Chief Executive Officer, GlobeInvestment Capital Management
Price
$3.820
Owned
No
DON'T BUY
DON'T BUY
August 14, 2009
An unhedged player and have had to shut in gas so have had some difficulties lately. Did an equity offering because they had borrowed money so management wouldn't have to sell its stock. Prefers companies that do not do this.
Vero Energy Inc. (VRO-T)
August 14, 2009
An unhedged player and have had to shut in gas so have had some difficulties lately. Did an equity offering because they had borrowed money so management wouldn't have to sell its stock. Prefers companies that do not do this.
Laura Lau
Senior Portfolio Manager, Sentry Select Capital
Price
$3.000
Owned
No
SELL
SELL
July 24, 2009
Did an equity raise and have a lot of debt coming due. Up against some of their bank lines. If you own, consider selling for tax loss purposes.
Did an equity raise and have a lot of debt coming due. Up against some of their bank lines. If you own, consider selling for tax loss purposes.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$3.040
Owned
Unknown
WAIT
WAIT
July 16, 2009
Will be driven by natural gas prices. Did a tremendous job historically in growing on a per-share basis. Stumbled last year and coming into 2009 in maintaining an aggressive capital program in the face of weakening prices. Got a little over leveraged and had to do an equity issue to fix the balance sheet.
Will be driven by natural gas prices. Did a tremendous job historically in growing on a per-share basis. Stumbled last year and coming into 2009 in maintaining an aggressive capital program in the face of weakening prices. Got a little over leveraged and had to do an equity issue to fix the balance sheet.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$2.940
Owned
No
COMMENT
COMMENT
July 6, 2009
Likes natural gas but right now you need a bit of patience. There has been a 50% decline in rigs. Factor in a lag of about 15 to 18 months. Thinks we will be facing major shortages. Expect there will be a lot of demand in the US is utilities change from coal to gas.
Likes natural gas but right now you need a bit of patience. There has been a 50% decline in rigs. Factor in a lag of about 15 to 18 months. Thinks we will be facing major shortages. Expect there will be a lot of demand in the US is utilities change from coal to gas.
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$3.060
Owned
Unknown
BUY
BUY
June 24, 2009
No balance sheet issues. Recently good production. Could be taken out.
No balance sheet issues. Recently good production. Could be taken out.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$3.440
Owned
Unknown
BUY
BUY
June 17, 2009
Junior natural gas producer based in western Canadian. Good land package. Good production growth profile. Quite cheap.
Junior natural gas producer based in western Canadian. Good land package. Good production growth profile. Quite cheap.
Andrew Cook
, Andrew Cook and Associates
Price
$3.330
Owned
Unknown
DON'T BUY
DON'T BUY
June 1, 2009
She has moved away from gas names that are highly levered or have their capital programs restrained in a low gas price environment. Had to do a financing because they were drawn above their available bank line. Stopped spending in the 3rd quarter so will probably end the year with less production than when they started. Would prefer Fairborne (FEL-T) instead.
She has moved away from gas names that are highly levered or have their capital programs restrained in a low gas price environment. Had to do a financing because they were drawn above their available bank line. Stopped spending in the 3rd quarter so will probably end the year with less production than when they started. Would prefer Fairborne (FEL-T) instead.
Jennifer Stevenson
Executive Vice President, Qwest Investment Fund Management Corp.
Price
$3.850
Owned
No
TOP PICK
TOP PICK
April 24, 2009
Likes it. Very strong management strong asset base that allows them to grow production. Valuation is 75% of piers.
Likes it. Very strong management strong asset base that allows them to grow production. Valuation is 75% of piers.
Andrew Cook
, Andrew Cook and Associates
Price
$4.000
Owned
Unknown
BUY
BUY
April 6, 2009
(Market Call Minute.) Good management. In a holding pattern now. Cut back their drilling because of the weak commodity prices.
(Market Call Minute.) Good management. In a holding pattern now. Cut back their drilling because of the weak commodity prices.
Josef Schachter
President, Schachter Asset Management
Price
$3.600
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 15, 2009
(A Top Pick Jan 15/08. Down 32.9%.) Just announced some production numbers which are quite strong. Exited 2008 at around 8800 BOE's a day. Growth rate of about 40%. A Buy.
Vero Energy Inc. (VRO-T)
January 15, 2009
(A Top Pick Jan 15/08. Down 32.9%.) Just announced some production numbers which are quite strong. Exited 2008 at around 8800 BOE's a day. Growth rate of about 40%. A Buy.
Robert Floyd
President, R A Floyd Management
Price
$4.900
Owned
Yes
TOP PICK
TOP PICK
November 14, 2008
One of the lowest cost structures for natural gas in the Western Hemisphere. Results of 8,100 BOE’s a day beating his expectations by 800. Making an acquisition which could increase from 8,400 to 8,800. Looking for over 9000 next year. Trades at 2 X cash flow. Strong balance sheet.
Vero Energy Inc. (VRO-T)
November 14, 2008
One of the lowest cost structures for natural gas in the Western Hemisphere. Results of 8,100 BOE’s a day beating his expectations by 800. Making an acquisition which could increase from 8,400 to 8,800. Looking for over 9000 next year. Trades at 2 X cash flow. Strong balance sheet.
Josef Schachter
President, Schachter Asset Management
Price
$6.300
Owned
Yes
TOP PICK
TOP PICK
October 30, 2008
Gas producer in Western Canada. Numbers just reported were very strong. Looking for a nice increase in production. Strong cash flow going forward. Good price.
Vero Energy Inc. (VRO-T)
October 30, 2008
Gas producer in Western Canada. Numbers just reported were very strong. Looking for a nice increase in production. Strong cash flow going forward. Good price.
Robert Floyd
President, R A Floyd Management
Price
$6.160
Owned
Yes
TOP PICK
TOP PICK
October 30, 2008
Gassy story. 7000 BOE's a day in gas production with Edson operating costs of $4.50, which is spectacular. Can grow production with just cash flow by 40%. Healthy balance sheet.
Vero Energy Inc. (VRO-T)
October 30, 2008
Gassy story. 7000 BOE's a day in gas production with Edson operating costs of $4.50, which is spectacular. Can grow production with just cash flow by 40%. Healthy balance sheet.
Jennifer Stevenson
Executive Vice President, Qwest Investment Fund Management Corp.
Price
$6.160
Owned
Yes
TOP PICK
TOP PICK
September 25, 2008
Natural gas. Great producer. A little over 1000 BOE's per day in 05 has moved to over 6000. Great drilling success. Low cost producer.
Vero Energy Inc. (VRO-T)
September 25, 2008
Natural gas. Great producer. A little over 1000 BOE's per day in 05 has moved to over 6000. Great drilling success. Low cost producer.
Robert Floyd
President, R A Floyd Management
Price
$7.780
Owned
Yes
TOP PICK
TOP PICK
September 25, 2008
Natural gas. Have done very well in their horizontal play of Rock Creek in Western Canada. Have beaten their numbers regularly.
Vero Energy Inc. (VRO-T)
September 25, 2008
Natural gas. Have done very well in their horizontal play of Rock Creek in Western Canada. Have beaten their numbers regularly.
Josef Schachter
President, Schachter Asset Management
Price
$7.780
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 12, 2008
(A Top Pick Aug 24/07. Up 34%.) Still likes, but have traded in and out. Looking to get back in again. Trading at much less than the peer group multiples on a cash flow basis and net asset value. Good growth still to come. Buy.
Vero Energy Inc. (VRO-T)
September 12, 2008
(A Top Pick Aug 24/07. Up 34%.) Still likes, but have traded in and out. Looking to get back in again. Trading at much less than the peer group multiples on a cash flow basis and net asset value. Good growth still to come. Buy.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$7.460
Owned
No
BUY
BUY
August 27, 2008
A steady grower through the drill bit. Has done extremely well during high and low gas prices.
Vero Energy Inc. (VRO-T)
August 27, 2008
A steady grower through the drill bit. Has done extremely well during high and low gas prices.
Allan Jacobs
Director of Small-Cap Investments, Sprott Asset Management Inc.
Price
$9.790
Owned
Yes
BUY
BUY
August 26, 2008
(Market Call Minute.) Loves the story. 2nd quarter numbers are out.
Vero Energy Inc. (VRO-T)
August 26, 2008
(Market Call Minute.) Loves the story. 2nd quarter numbers are out.
Josef Schachter
President, Schachter Asset Management
Price
$9.630
Owned
Unknown
BUY
BUY
August 22, 2008
Very low finding/development costs. Great production. Good solid management team. Expects considerable upside. One issue is that a lot of current production is from just a few wells.
Vero Energy Inc. (VRO-T)
August 22, 2008
Very low finding/development costs. Great production. Good solid management team. Expects considerable upside. One issue is that a lot of current production is from just a few wells.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$9.520
Owned
Unknown
TOP PICK
TOP PICK
August 21, 2008
In the 4th quarter of 2005 production was under 1000 BOE's a day. Now over 6000. Have tremendous drilling success. Very low cost operator, so strong net backs. Last quarter they had 100% drilling success.
Vero Energy Inc. (VRO-T)
August 21, 2008
In the 4th quarter of 2005 production was under 1000 BOE's a day. Now over 6000. Have tremendous drilling success. Very low cost operator, so strong net backs. Last quarter they had 100% drilling success.
Robert Floyd
President, R A Floyd Management
Price
$9.480
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 30, 2008
(A Top Pick May 30/07. Up 15%.) Great drilling success, continue to like it. Add on weakness.
(A Top Pick May 30/07. Up 15%.) Great drilling success, continue to like it. Add on weakness.
Robert Floyd
President, R A Floyd Management
Price
$9.250
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 13, 2008
(A Top Pick Aug 1/07. Up 58%.) Production has gone up, costs are down and the upside she sees from their horizontal drilling in Edson is spectacular. Still a Buy.
(A Top Pick Aug 1/07. Up 58%.) Production has gone up, costs are down and the upside she sees from their horizontal drilling in Edson is spectacular. Still a Buy.
Jennifer Stevenson
Executive Vice President, Qwest Investment Fund Management Corp.
Price
$9.380
Owned
Yes
HOLD
HOLD
May 1, 2008
Has done very well. Has been one of the under promised over delivered stocks. 80% natural gas. He is underweight as he is waiting to see some of the declines in some of their big wells.
Has done very well. Has been one of the under promised over delivered stocks. 80% natural gas. He is underweight as he is waiting to see some of the declines in some of their big wells.
Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$8.940
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 29, 2008
(A Top Pick May 30/07. Up 27%.) Gas exposure. They continue to show that they're right at the drill bit. Average production is looking like 6700 BOE's. Made a tuck in acquisition. Still a Buy.