VTLE presentation link for 1st quarter, 2024... https://investor.vitalenergy.com/static-files/f784c857-db8f-4bd5-a2ef-bf719bbef176 page 18 shows about... 36.6 million shares out for 03/31/24 versus 16.7 million shares out for 12/31/2022... page 10 show about... 97% of anticipated oil production hedged for 2024 now and about 40% natural gas... page 13 shows production guidance and estimates on 2nd quarter pricing... They are estimating falling oil and rising natural gas prices... Brave way to estimate while counting on Industry targets for the higher natural gas pricing going into summer lull period... VTLE increased dilution in 2023 to go after more liquids production... My view is that Industry projections may be rosy for natural gas prices at cash market... Mr. Market still to determine if the moves are valid for the higher P/E ratio that the share price is selling at now... This review is now from Watch mode... So we watch...LJ