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. > CapEx

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Comment by halitosis8on Jun 13, 2021 5:30pm

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Post# 33379732

RE:RE:RE:CapEx

I think they'll increase the CAPEX to 2020 levels. They had budgeted $300 million, but in March, they also stated:
"Additional projects will be considered for
drilling in the second half of the year if market
conditions remain supportive"

The market conditions are supportive. That boost of $17 million for every dollar over $60 WTI is all they need. Increased production will add more FCF and that will decrease the debt sooner.

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