RE:RE:RE:RE:RE:New Press Release - Vermilion Energy Inc. Announces $0.10 CDN Cash Dividend for October 16, 2023 Payment DateI believe I said posters not whiners lol.
We all have different goals with this stock and some would like to see more cash sooner. That's ok.
I would like to see the balance sheet improved with debt brought down where net debt = longterm debt
Buybacks make sense while the share price is cheap and as Abedim aptly pointed out a 2% tax comes into effect next year. I am cautious about putting a buyback share price limit on repurchases as it is a moving target as the share price increases with revenue and production but right now $20 seems fair and reasonable given that some of us would like to see a $24 share prices soon. $20 would be 20% less without the 2% buyback tax. After the share price exceeds $20 then debt and divy seem fair and when the debt hits its target all divy (minus cap ex and m&a of course, it does look like they will be aquiring CEI at some point.).
Just my wishlist others my have theirs and that is a ok with me.
Management will do what they want anyway hopefully, some of it aligns with my wants.
GLTA and congrats on a pretty well received ER
prested wrote: You are right about the whiners being miffed, but Vet clearly believes, as I do you and I, that the present depressed price is too good a buying opportunity to pass up. The tide is turning, albeit painfully slowly, but momentum is dawning and soon all the analysts will be exhorting their punters to buy. A day late a dollar short as usual.