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.

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Vermilion Energy Inc. > Debt reduction

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Comment by TickerTwiton Mar 08, 2021 11:16pm

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Post# 32749808

RE:RE:Debt reduction

Could VET have called the $75M interest expense a "debt reduction"? I don't see ANY debt reduction cash flow represented in the annual financial statements, but VET is claiming $75M + $175M.

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TickerTwit wrote: The Cash Flow statement doesn't seem to show any payments on debt principal. Did anyone else spot them? Anywhere in the financial statements?

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Nystrom wrote: They wrote 75m reduction but the financial numbers showed only a 25m reduction of debt?

I am reading that wrong or what's with that?