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. > Q2 ER div announcement

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Comment by PipelessPauperon Jul 28, 2021 8:22am

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Post# 33615520

RE:RE:Q2 ER div announcement

I havnt looked....
But we know from Q1 their cash cost is ~ $48 / boe
anx currently avg selling price btween all commodities they sell is ~ $75 / boe

85,000 boe/d x 365 is 31,025,000 boe/year

at their cash margin, that’s $837,675,000.
take ~ $350,000,000 off for capex...

and you get $487,675,000 FCF

A 5 cent monthly div, on the current 159,500,000 shares is $95.7 mm annually.

They can EASILY afford it. And it would be a strong gesture to long suffering holders that they CARE

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