VPC - UNDERVALUED OIL STOCK

The VPC share price may have doubled over 12 months, but the rise does not get close to the change in scale in the underlying business, IMO. Whether it is the factor rise in actual production, or prospective development of new fields, or the loss of hedging/increase in oil price, I am surprised that the rise has not been quicker and further. The moderation in oil price and the Brown tax grab has held this back, but the virtues of the business plan and cashflow should show through eventually. This is particularly the case when compared to the deals with PLR, Kerr McGee and Caledonia - there are serious investors who see opportunity, and with VPC on a prospective p/e of 5 or less any downside should be limited - with reserve updates, and continual news on production flow, and the prospect of future oil price rises, the risks/rewards at this level should be in our favour! Lets hope for another bright year for the share price.