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Vermilion Energy Inc. T.VET

Alternate Symbol(s):  VET

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

Bullboard Posts
Comment by commodity16on Mar 06, 2020 9:21pm
195 Views
Post# 30778238

RE:BNN Interview - Anthony M today

RE:BNN Interview - Anthony M todayHe still seems to be focusing on maintaining dividend as high as possible. I have said it many times; oil producers should not be dividend payers. I could not believe my ears when I heard him speak of "cash in excess of our needs". Huh? Wtf is he talking about?! This is an oil company he's trying to run...there's no such thing as cash beyond his needs, pretty ridiculous comments for a company in big debt, that's cutting capital to make ends meet.  Oil producers are in a very capital intense business that requires vast amount of cash re investment just to maintain oil depletion and asset depreciation. This is where successful oil companies need to be allocating capital in order to not only maintain, but actually grow the business. Without a growing business there is no growing share price. The dividend should of been slashed 90%, and eventually probably will be. Investors , if you want yield go buy a pipeline or utility with stable guaranteed cash flows. With the recent broad market sell off there are so many great companies on sale (mostly US listed)that are the future, with strong balance sheets , high growth, and strong leadership. Why waste time looking to companies such as this , in a sector with no growth for the foreseeable future , talking every day about the dividend and making excuses and fairytale dream predictions about how vet will rise up likes it's the best company in the world. It ain't happening. This stock is dead, and will likely "maintain " at best. The share price has been sliding for years, the Coronavirus was just the straw that broke the camels back. This was a long time coming. 
Bullboard Posts