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 Sadie222on Mar 05, 2020 7:41pm

173 Views

Post# 30772916

RE:RE:RE:RE:Q4 FINANCIAL RESULTS TOMMOROW AT THE OPEN

5% is 5%, sharecount is irrelevant. Still not very much, especially at this level. Optics would have been better if they went for 10%, since there’s no requirement to actually buy any.

EstevanOutsider wrote: Well Greg, VET does have a flow sharecount compared to most other oil company's (I think 165K) so a 5% buyback would go along way. It also has high quality production, so it shouldn't be valued the same as most shale garbage in the US.

Nobody knew the shareprice would crash this hard but a buyback would go along way. I hope they announce a 50% cut in dividend and use the money to buyback shares instead. I would be ok with a 75% divy cut, just MAX out the buyback for 2019 and 2020.

GregC24 wrote:

EstevanOutsider wrote: marino boght back no shares according to sedi.

not a single share purchase by vet.

As of Q4 I would hope not. What a bad decision that would have been.