VET - Vermillion Energy: An Under-Followed High Dividend Yield Value Play
A Unique Value Play
Vermillion Energy (VET) was upgraded to a strong buy by Raymond James back in November based on under-valuation and given a $51 price target. Since then there has been little upside due mainly to broader economic issues, particularly in the energy sector. The stock has substantial potential for growth in 2019 and is not affected as much by these macroeconomic headwinds many American stocks have faced of late due to the company's roots being based primarily out of Canada along with other strong international presences (Figure 1). One of