Vermilion Energy Inc. T.VET

Good news

[divime1]

• On November 30, 2023, the European Union published a review of the temporary windfall tax and subsequent market developments in the energy sector. The report stated that the situation in energy markets is very different from the exceptional circumstances when the temporary windfall tax was initially established in October 2022, and therefore the European Union has not proposed to extend the mandate beyond 2023.
• Quarterly cash dividend increased by 20% to $0.12 CDN per share, effective with the Q1 2024 dividend payable in April 2024.
• Plan to increase return of capital allocation target to 50% of excess FCF ("EFCF")(4), starting April 1, 2024. When combined with our forecasted 40% increase in FCF, the amount of capital allocated to share buybacks in 2024 is expected to double from 2023 levels.
• Since initiating our share buyback program in July 2022, we have repurchased and retired 7.2 million shares including 4.9 million in 2023 year-to-date. During the month of November 2023, we repurchased 671,000 shares for approximately $12 million and plan to further increase the amount of share repurchases in December.

[Overertune]

30 % 2024 hedged at 80$ oil and 3$ ng.

[loopsbutterfly]

and  a mere $0.12 dividend

[Overertune]

2x more money on buybacks ?

[Quintessential1]

If you don't like it you boys know where the door is right?   Hit the sell button and see ya! GLTA

[Moemoney42]

I'm happy with the report.. just hate where the stock price has fallen to.. but hey its a buying opportunity at this point..  Unfortunenately this recent softness in crude prices IMO falls solely on the paper traders as NO DATA supports the drop.. the price is trading on fear and bogus headlines of oversupply..  Heck the world is consuming the most it ever has and we're in a

[Overertune]

PE is too low due to volatility caused by manipulation. hopefully once the debt is taken care of, the PE can increase to 5+.

[loopsbutterfly]

it is just the real fact...divident is a mere 3.2% a current share price $0.12 versus $14,75

[loopsbutterfly]

it is just the real fact...dividend is just 3.2% with a $0.12 dividend at current share price $14,75

[Quintessential1]

Thanks DB!  The real fact is we math better than you English. That 10%, $1200 dividend isn't helping that $20k drop in your CJ investment much is it?  Real fact! GLTA

[Moemoney42]

Those who had the cahones to buy yesterday will be happy they did.. finally got some press on a day when it meant something with a little bump in crude prices.. the risk/reward on VET is fantastic at this point.. wish I had some spare cash to deploy.. I think this turn around is for real with VET..