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I would have written this article last week, but I was travelling. That would have been perfect timing with the news today, but even so Vermilion (VET) is still a bargain as far as I am concerned. I am sure almost everyone has heard the news about the drone attack on Saudi's Abqaiq and Khurais oilfields. It has knocked out half of Saudi oil production and as a result, oil prices surged. As of this writing, the oil price is around $63. The monthly chart below shows the uptrend channel since the late 2015 bottom.