guttedsquid: You are correct - in my view - that the "only"...

guttedsquid: You are correct - in my view - that the "only" difference between ITC and VPE is the CSG. But CSG is "hot" at the moment and VPE's shareprice is underperforming versus BOW and the other CSG plays. Like you and many other, I dislike VPE's management, even though I do hold VPE because of the CSG grounds it is sitting on (not by design rather by luck!!).
However, I also believe that ITC's oil "riches" are strongly undervalued at present.
Holding both ITC and VPE for a strong re-rating in either 2009 or latest 2010. Plan to buy some more ITC when funds become available.
wasa