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. > scotia

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Comment by Quintessential1on Mar 08, 2024 9:18am

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Post# 35922399

RE:RE:scotia

If they do that is a promise kept.

The company indicated that 50% of its excess free cash flow would be returned to shareholders for all of 2024 instead of Q2/24 onwards

GLTA

GregC24 wrote:
caretired1 wrote: Maintained 12 month target price at $20 after earnings release

And said the following:

Latest Research (March 07, 2024):OUR TAKE: Negative. Q4/23 CFPS beat consensus by 19% largely due to lower taxes. Minimal cash taxes/windfall taxes were recorded in Q4/23 because the taxes recorded in Q1-Q3/23 captured VET’s 2023 tax liability. Excluding lower taxes, VET’s Q4/23 CFPS beat consensus by 5%. 1P and 2P reserves decreased by 14% and 18% y/y, respectively, due to dispositions and negative technical revisions. The technical revisions were focused on VET’s Canadian and US assets and reflected changes in the development plan and weaker performance. Also, a $1B impairment was recorded on its Canadian, US, and French assets. The company indicated that 50% of its excess free cash flow would be returned to shareholders for all of 2024 instead of Q2/24 onwards