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.

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Vermilion Energy Inc. > Debt reduction

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Comment by Oldnaggeron Mar 09, 2021 8:22am

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Post# 32750618

RE:RE:RE:RE:Debt reduction

You are right about the debt reduction, however the credit lines seem to be adjusted for changes in working capital , therefor the credit margin room stated by VET seems correct. That room is what investors have to be concerned about between now and 2025 when the notes become due.
In reality , there is no debt problem as their is adequate PDP value to pay off the entire debt except for in the most dire of circumstances.

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