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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 sherry532on Mar 07, 2020 11:44am
137 Views
Post# 30778978

RE:RE:VET & OIL PRICE

RE:RE:VET & OIL PRICEUnfortunately, I didn't.
Staring at what ever is left and do not know what to do.
I went overweight below $13 as I felt that dividend was priced in at that price.
Future prospects also do not seem very good as sentiment is totally negative although another dividend cut by 50% will leave a yield over 6% and SP below $5.
May book huge losses which will never be recovered. Some hard thinking to do.
It is still a good company and you can not realyy blame the managment. They really fought a good rearguard action. Thhey have resisted the dividend cut for last four years when others were falling apart. I guess Corona is partially to be blamed as demand may be hurt badly as whole world is in panic.
Bullboard Posts