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 WheresMeGoldon Feb 27, 2020 7:22am

134 Views

Post# 30739413

RE:RE:Stop worrying about dividend, start worrying about survival

Lets all agree to end all this dividend cut talk today as that should be the least of shareholders’ concerns. Read my opinions below to give you perspective. JMHO. GLTA.

WheresMeGold wrote: But let me add one more thing about the dividend. Soon I doubt VET will have any say on whether or not it cuts the dividend. VET’s dividend is unsustainable so it essentially must borrow money to pay the dividend. With a deteriorating balance sheet and horrible business environment how much longer do you think a lender will continue to lend VET money to pay such a dividend? The answer is obvious.

JMHO. GLTA.

WheresMeGold wrote: Anyone who has worked in industry/manufacturing or been an investor for any real amount of time has seen companies in similar situations go under. It happens all the time and it can happen fast.

When you consider VET’s deteriorating balance sheet, decreasing capex spending, aging assets, and worsening business environment making its assets worth even less, whether or not the dividend payout is cut is probably the least of shareholders concerns. The stock price is starting to reflect the real possibility VET is no longer a going concern within the next couple of years.

The market is sometimes wrong but is often right. And as I said, a company shifting from being a going concern to not being one can happen fast. Be careful VET investors.

JMHO. GLTA.