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.

Bullboard Posts

Comment by PeterWrighton Jan 27, 2020 2:51pm

100 Views

Post# 30604753

RE:RE:RE:RE:RE:Imo dividend is and will remain unsustainable for years

mntzr...you can't say that they have a balanced approach when the payout ratio is over 100%, that is not balanced. Cut Capex, cut dividend, go ahead with NCIB, stop the dripping now and not in the 4th quarter. They were dilutting shares at $18 to protect the dividend. The approach is far from balanced to the point where it is almost incompetent.
In their defence moving forward they have finally applied for NCIB and have a plan to stop dripping shares, hopefully they stay the course.
Comodity companies need to be flexible as commodity prices are volatile, VET needs to continue to make adjustments and stop protecting divy at all expense.

Bullboard Posts

Yukon agency detects cyanide near Victoria Gold's Eagle mine