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 WheresMeGoldon Mar 08, 2020 5:43pm

84 Views

Post# 30781077

RE:RE:Why I won’t buy VET below $10 CAD tomorrow

You’re exactly right bone. VET maintained an unsustainable dividend for years, putting the company in jeopardy. And if this message board is any indication, shareholders cheerleadered this destruction all the way down.

And the 50% dividend cut is still unsustainable. VET had the chance to do the right thing by cutting the dividend to a token amount or suspending it altogether. This move would have been a blow to its credibility for sure but so what, its credibility has been damaged for years. Cutting the dividend to a token amount or suspending it entirely actually would have started the process of rebuilding its credibility. That opportunity is now gone.

bbwibone wrote:
Why buy VET when the large caps like SU and CNQ will be on sale and won't go to zero? There is a world where oil stays below $30 for a year and VET has trouble with their $2B debt.

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