Vitesse Energy Notes

January 29, 2023 Update

  • Andrew Walker doesn’t like it.

January 20, 2023 Update

Jefferies (JEF) spun off Vitesse Energy (VTS) on January 13, beginning regular way trading on January 16. Shareholders received 1 share of VTS for every 8.49668 shares of JEF. The transaction is intended to be tax-free.

Vitesse produces about $300 million annually in revenue, generating earnings from its interests in oil assets in the shale basins in the US, which ha