I'd be cautious here irt VRC
It's a fine company, and will doubtless do well in the long run over the next several years, but right now the short-term future price of crude oil (which is linked to the upcoming potential OPEC increase in production and seasonal oil demand trends) must be factored into a decision to buy any stock in this sector.
Also, VRC is a 'late in the cycle' play. It will prosper After the drillers and service companies.
In the meantime, a drop in the price of crude brought on by increased production / seasonal demand decrease (or just an end to the speculative bubble that has oil near $30 now) will negatively effect the price of oil sector companies including VRC.
As winter ends and OPEC meets in March, and as oil enters a seasonal period of (usually) slackening demand, there may be a much better opportunity to buy VRC at a lower price.
---Even then it will be a long term B+H candidate, not the largest % gainer of the sector over the short term.
I like VRC, but not yet.
It's time will come.
All that only my vho,
and I am just a simple grrl, who is often wrong.
regards,
diana
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