Aug. 5 at 2:32 PM
I must admit this stock is getting long in the tooth trying everyone's patience.
Today's drop in oil is a macro distraction. Expect
$VG to absorb the energy sector's short-term chop, hold its baseline support near
$12.50–
$12.80, and trade almost entirely on its own operational merits once the earnings numbers drop next week.
The options market currently prices in VG trading around
$12.85–
$13.30, a solid top-line beat (
$0.49 EPS consensus estimate) or guidance raise could push the stock into the
$14.00–
$15.50 zone.
Still legal (BP) clarity remains an albatross around VG's neck which makes that
$0.49 beat so so important.
We'll know in a few days how this pans out.
https://public.com/stocks/vg/earnings?hl=en-US
