Vermilion Energy Inc. T.VET

Why is it doing sooo badly?

[Christian1]

This company needs a serious management overhaul. They have ignored their shateholders  for many years as well as mismanaged their windfall tax situation. The only good news is that the company is solid and soon it will be bought out leaving management where it belongs. Just have to hold out...They will probably buy more shares of Coelacanth and drop their SharePoint to repurchase shares more cheaply. Soon they'll loose the company. Fed up.

[loopsbutterfly]

It could be all about tax loss selling...and further more crude oil could go lower... just my 2 cents I am still watching on the sideline...

[GregC24]

How have they mismanged the windfall tax situation?

[prested]

Ditto

[Ebankbank]

69 dollars a barrel!!!!!!!

[Christian1]

Why have Vermillion mismanaged 500 million windfall tax? Seriously? They accept having a profit cap? They have not locked a deal to limit the cap. Do you really want your future to be limited in good times and rendered lost in hard times? Where has capitalism gone? They need to leverage now before this happens again.I recommend you read this article       https://calgaryherald

[RiverCartel]

Thanks for posting an article that is almost a year old. Brilliant research. There is no windfall tax identified for 2024, unless I missed something, but you're likely not going to inform of of this until 2025 I suppose.

[GregC24]

First, I suggest you base your numbers on the actual amounts being paid and not on information from a news story that is now almost 1 year old. Vermilion year to date has paid $78m in windfall tax as of Q3.  This is detailed on page 20 of the Q3 MD&A report.  This puts them on track for about $100m Canadian dollars for 2023.  Added to the 2022 tax of $223m (which was applied

[Christian1]

The windfall tax was placed equally on profits above average percentage revenues. BP and Shell obviously made more Shell made 339 B and BP is at 227B  Vet is at 1.7B. Their windfall taxes are much lower considering that they all have international operations.  It is not my business plan that has VET down 26% while BP is up .89% and Shell is up 4.96% Nor is it my business plan that they

[GregC24]

The company has been very clear on their timeline to redistribute to their shareholders.  It will come when they hit $1B debt.  They have forecast that as Q12024 for some time now.  That has not changed.  The company has been clear that they will provide more detail on their plan to increase distributions to shareholder in the coming weeks, so I don't need to come up with a

[Christian1]

Never said to abandon the region, just to secure a plan to save itself from 300 million in extra taxes. You seem fine with having record profits and not paying dividends to shareholders while you make them. The price per share does not agree especially considering their debt to cash flow.  They have been promising payback for too long and after making pots of money that only reach management

[GregC24]

Was this not you? "They should be threatening to shut down their production in Europe.." That is abandoning the region.  Or are you proposing the companies strategies should include making threats that they have no intention of following through on? I feel fine being invested in the company that is acting like it said it would and that I have taken some time to understand.  

[Quintessential1]

Well off you go then. Did you think whinning here would change the outcome? Either you believe and invest or you don't and you walk. GLTA

[TimeBuilder]

Q  =  Well stated  .Still a long term Investor here & will stay for the bumpy RIDE. . Regards, TimeBuilder 

[Christian1]

Guys whiner is back. Just want to comment that you are all very optimistic and I admire that. I also know that your research on fundamentals are clear and well stated and I stand down and corrected. I still have no idea why this bumpy ride has to feel like a plane going down out of control and why they refuse to pay dividends during "good times". I hope they have the sense to hold back

[Teetime]

I have been invested in this company for many years.  I have been very disappointed with the treatment of shareholders and the promises that don't seem to materialize. I think employee morale probably isn't that great either, A poor performer in my portfolio.

[GregC24]

What promises are those?   Please share your insights regarding employee morale.

[Teetime]

Promises of dividend increases.  Maybe I know a couple of employees ?

[Quintessential1]

LOL.  Maybe you could shed some light on why you are even here? Go whine somewhere else.   Take loopy and teetotaler with you. tax loss season...great time to sell GLTA

[Pandora]

Rick Rule on MarketCall this a.m. made a few good remarks about the state of Canada's O&G and how Trudeau and his government are handling it. I would say he is not a fan of Trudeau although Andy seems to be - but that's not surprising.

[Teetime]

Trudeau's Government has crippled Canada's energy industry imo.  Then he has that Environment minister, who I think was the head of Greenpeace, chirping in his ear to boot.

[Quintessential1]

While I am sure you think your opinion matters more here is an article that thinks differently. Justin Trudeau isn’t phasing out Alberta’s oil industry — but the world might https://www.nationalobserver.com/2023/06/22/opinion/justin-trudeau-isnt-phasing-out-alberta-oil-industry-world-might I am also not sure who you think would be more qualified to look after the Environment portfolio but an

[TimeBuilder]

Heard RR's comments  about our focussed (SP) PM & gov't & noted & also believe AB still rides that/his red bike....