Energy prices are falling and small cap energy companies are all getting a kicking , The oil price is very soft on fears of recession and US gas prices are near pre covid lows . However VEN is not an oil producer and US gas prices have little relevance here .
The Market I think is greatly under valuing the potential production cashflow that VEN will soon have . I have bought nearly three times my allocation on market at a pip under the CR price .
There should be a good pool of shares available for top up . The CR is underwritten so VEN will get their money . It is better that all the shares are taken up by present holders than the underwriters doling them out to professional traders .
Things will look a lot different after all the Vali wells and Odin are hooked up and producing .
VEN Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
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