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 3:32pm

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Post# 29956073

RE:RE:Vet

Q2 2018 cap expenditures and wells drilled dropped significantly compared to Q1 2018 as the drilling program wound down. I am sure their budget calls for a payout of 100% or less over the longer term so the payout should decline as we move forward. I do recall they spent heavily on the Coribe facilities which kept the payout higher and longer than normal but that was a large project with a considerable lag time versus conventional drilling.
splurge

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