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 Apr 14, 2020 11:08am

79 Views

Post# 30907384

RE:Let’s review my recent comments

A blast from from the past!!! Enjoy.

WheresMeGold wrote: So over the last few weeks I’ve made predictions and shared my opinions, all of them soundly ridiculed. Let’s see how they have fared thus far.

1) WTI would drop below $50 - Correct

2) WTI will not see $55 (VET’s assumed price for 2020. And remember VET is poorly hedged in 2020 as compared to 2019.) for quite some time - TBD but increasingly correct.

3) The $20’s will become the new $30’s - TBD but increasingly correct as VET’s share price staying into the $20’s appears to be a thing of the past.

4) The dividend is unsustainable and will need to be cut - TBD but by definition VET’s dividend is unsustainable as its cash flow clearly doesn’t cover the dividend. And companies with unsustainable dividends often see its share price drop dwarf its dividend payout over time.

5) VET will soon make new 52 week lows - TBD but likely will happen very soon.

6) VET’s share price will drop below $10 - TBD but look at the trend.

Time will tell. People’s reaction to my comments remind me of Arthur Schopenhauer’s famous quote, “All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”

GLTA. JMHO.