RE:RE:RE:Drillers encouraged by 60.00 oil, add 18 drill rigsExcerpts form their letter to sharesholders after Q3 results.
"While we are certainly disappointed with our share price performance, we would like to stress that Vermilion’s dividend policy is not based on the market price of our shares. Our dividend policy is based on the fundamental economic sustainability and free cash flow generation of our business, which remains strong."
"As such, for 2020, while maintaining our dividend at current levels, we have elected to reduce our production growth rate and to introduce additional flexibility in how we return capital to investors."
Nobody will give you a signed guarantee.