RE:RE:BuybackI'd say that report was well received... $30 share price. and now the UK plans to ban Russian crude..!! Moemoney42 wrote:
"On March 4, 2022 our board of directors approved a quarterly dividend in the amount of $0.06 per share, payable on April 18, 2022. This quarterly dividend represents less than 2% of our forecasted 2022 pro forma FFO which we estimate at approximately $2.3 billion with pro forma FCF of approximately $1.9 billion and pro forma year-end 2022 net debt to FFO ratio of 0.2 times based on forward commodity prices. We are off to a strong start in 2022 and we will continue to prioritize debt reduction until we achieve our next target level of $1.2 billion of net debt. Based on recent strip forward commodity prices we expect to reach this targeted debt level in the second half of 2022. During 2022 we will continue to evaluate the return of capital to our shareholders which may include an increase to our quarterly dividend, share buybacks, a special dividend, or any combination thereof. We believe this is truly an exciting time for Vermilion and our shareholders, and we look forward to providing updates as the year progresses."