Bought VPE partly because of management (+ I held QGC) and...

Bought VPE partly because of management (+ I held QGC) and partly because BG held 20% - After taking over PES. BG wasnt exactly going in invest in a company run by fools

The only thing you can be disappointed in VPE is the SP. ok, management have made some decisions that make you scratch your head and say "WTF". But all in all earnings are good (and only getting better!) so there may be some short term pain for the long term gain.

As much pain the options are going to cause me i will convert. The outlook and drilling program for VPE this year is very postive. Patience i believe will be rewarded......

MEL didnt go anywhere all last year either until they hit Kingfisher. Faith in the market in general will come back and once the "Favourites" have made their run, traders will start looking for the underperformers.


PS: Why wouldnt anyone thinking about buying VPE at the moment buy the options? (near 10% discount after conversion). not sure about the rest of you but seems stupid if you don't.......