Looking for a conservative way to play the natural gas crisis in Europe. Vermillion, VET, has oil and gas but specifically ngas produced in Europe. They are getting those massive $40/mcf prices. It may not get a lot higher but spectacular gains for the next few quarters. Vermillion has a nice mix of oil and gas in safe jurisdictions. 52 week range is 5.51 to $25. Bought around $20.
Vermillion gets 40-45% of it's cashflow from European ngas. VET fell along with other oil names but those other companies don't have the ngas on the continent.
P/E around 4. Don't see a solution anytime soon for the Euro gas crisis. Wait until this coming winter!
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
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