Vermilion Energy Inc. T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.

TSX:VET - Post by User

Vermilion Energy Inc. > Vermilion Energy Lowers 2021 Exploration Budget To $300M

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Comment by BudFox198777777on Jan 19, 2021 11:44am

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Post# 32326496

RE:RE:RE:Vermilion Energy Lowers 2021 Exploration Budget To $300M

RevT79 wrote: Budget number is calculated with wti at 32$
wonder if they did that to keep avoiding bringing back dividends!

Excess free cash flow net of reclamation and abandonment expenditures will be allocated to debt reduction as the Company remains committed to reducing its net debt (2) -to-fund flows from operations ("FFO") ratio to less than 1.5x over time. As our leverage profile improves, we will continue to review our long-term shareholder return policy to determine the appropriate time to reinstate a dividend and/or share buyback program.

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