Here's the way I'm, looking at VET: This stock was downgraded because of the poor shape of the oil & gas industry. But these oil and gas prices are about to take a nice leap - OPEC & Russia are agreeing to cut output, Mexico and US have also agreed to cut output. This will increase oil prices substantially, thus the share price of VET. The SP is lingering around $4.50 and there is a big reason it will fall further - maybe to the $4 or lower level. April 15th is the pay-date for the $.11 dividend. There will be a big sell off of those holding to get this dividend on the 15th (tomorrow, with sell off on Wed). The announced dividend of $.02 for May etc. is not enough to hold them. Others will join the sell off because of the lowering of the dividend to $.02/month. But, that's not all that bad as dividends go. $.24/year for a $4.50 stock is a 5% yield! Now that doesn't compare to the $.21 - $.29 dividend VET holders are used to, but in the world of dividends, that's known as exceptional and "high yield". As for the VET dividend, as oil & gas prices go up starting now, I believe they will increase their dividend to 8 cents, then back to 11 cents a few months later. Say the July-August divvy to $.08, then the Nov-Dec back to $.11. With oil & gas prices climbing for the rest of the year, I just cannot see the VET dividend being less than the .11 by the end of the year. Plus, in the meantime, we should be enjoying a substantial SP increase from the current $4.50 to around $8 or higher by the end of the year. Now, that's MVHO. I'm no friggin optimist. The market for VET is just looking really good and it's had a very long history of being a champ!
