Vermilion Energy Inc. T.VET

I bailed today

[JohnnyDoe]

Sold my vet position today. Will look to put that money elsewhere in the cdn mid cap oil space.
i just don't like the look of the windfall tax. Confiscation is what it is, plain and simple so I'll avoid investing in companies that are exposed to it.

[DukesMtl]

The sissies got shaken out and I bought a chunk at 26.00 Nothing wrong with being on the side reaping Windfall prices.

[Moemoney42]

Hope you didn't sell at the low..? :-0

[stockmarket1]

Now that you did what you did...the shares are going up lol. I'm buying first thing tomorrow morning. 2 days of selling.....overdone and we're going up imo

[Moemoney42]

Hmm.. I hope you put that money to work right away yesterday.? We got a nice gap up across the sector today..!  ;-)

[Moemoney42]

I think we have a good chance of getting back to ~$31 by months end, if WTI can hover around the ~$90 mark, give or take a couple bucks..  That price would account for the windfall tax value of $350 M. and bring the stock back to where it was trading prior to the Q3 numbers.. 

[wkrpradio]

Thank you for the opportunity , for myself as well as others , to pick up some discounted shares. The world still needs oil and gas and VET has some great assets. 

[stockmarket1]

I'm looking --- or hoping --- for a bit more of a pull back next week due to my increased cash balance I now have. Either that or.....after yesterday's BNN's guest -- Rosss Healy -- I'm now considering on buying Petyo Exploration. Obviously, I'm going to do more Petro research this weekend, but, I got interested when I heard that Petyo is now offering a monthly dividend and the

[Pandora]

For dividend seekers the time function of Peyto may cause some to hesitate a bit. The dividend change is not effective unti mid- February for shareholders on record as of ?mid-January. Of course the issue of whether the possibilty of a good capital gain in the meantime can drive many to jump on it right away.

[stockmarket1]

Yes, Pan, it begins in early 2023 as you stated. Again, I'll research Petyo this weekend and if I do plan on adding this, I'lll do it on weakness. I'm in no rush. Also, I'll be clear....I'm not unloading VET.Just wanting to buy 1 or 2 more. But again, those 2 I mentioned.....I like the cushion of a monthly dividend pay. This is all good timing for my TFSA contribuiton too. 

[Oldnagger]

Peyto has shown how dividend increases can move market valuations up. The same could be easily done for VET yet we all know how that ended up Certainly not saying that it will happen again for either company. Just that my focus is always on the fundamentals , and VET still has the best rate of return !!