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. > Now back to VET

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Comment by PipelessPauperon Oct 31, 2021 1:24pm

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Post# 34070883

RE:Now back to VET

The company is only entitled to a dividend tax credit
Dividend payments are not an eligible deduction

at least that's how it is up in Canada. The US I have no clue about

Moemoney42 wrote: It's good to see the shorts states side continue to cover.. count down over the last 2 weeks another 11%

VET
-0.10

Short Squeeze Ranking™
View

Daily Short Sale Volume
View

Short Interest Ratio (Days To Cover)
2.4

Short Percent of Float
3.52 %

Short % Increase / Decrease
-11 %

Short Interest (Current Shares Short)
5,520,000

Shares Float
156,810,000

Short Interest (Prior Shares Short)
6,180,000

I wouldn't be surprised to see a divi announced for Q4 - 21 to use up a bit of this years cash flow to avoid the tax man before year end.. although it could be used for debt reduction I'm not sure if it would have the same effect on the balance sheet.. I'm not a CPA so I'm open to correction of my thoughts on the interpretation of the tax code..