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.

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Comment by splurgeon Jul 24, 2019 3:14pm

126 Views

Post# 29955933

RE:Vet

Let's keep things in perspective and step back by taking a longer term view as the company does.

1) In Q1 2018 Vet drilled 17 net wells and in Q1 2019 they drilled 55 net wells.

2) Q1 MD&A comment "As at March 31, 2019, net debt increased to $2.00 billion (December 31, 2018 - $1.93 billion) primarily due to the impact of increased borrowings onthe revolving credit facility to fund the capital expenditure program, which is heavily weighted towards Q1 2019, coupled with a $30.7 million decreasein net current derivative asset."

3) Payout 2018 = 104% 2017 = 88%

Production lags drilling and so does cashflow.

splurge

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