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. > os is Q3 the current expectation for debt target?

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Comment by Quintessential1on Mar 09, 2024 12:02pm

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Post# 35924467

RE:os is Q3 the current expectation for debt target?

As a number of analysts have made VET's larger than forecasted reserves depletion an issue I would say sooner than later.

CEI will have about 6000 boe/d of NG, oil and condy production online this time next year with the TMX, and LNG Canada both expected to be operational. I doubt CEI will get much cheaper than during the doldrums of the approaching spring break up and as long as VET has no plans to use dillution to buy it, it would be a good time to negotiate.

I am guessing by the fact that they are initiating the 50% return of excess FCF to shareholders immediately that they have already hit that net debt target as it was only 100 million off. I feel confident that they can buy CEI and maintain their 50% return of excess FCF to shareholder commitments. Not every year has a $1B non-cash impairment charge.

GLTY and all