Bullboard - Stock Discussion Forum 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... see more

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Vermilion Energy Inc. > VET buying PXT?

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Post by downtozero on Mar 26, 2021 2:50pm

VET buying PXT?

Eric Nuttall just commented that VET should buy PXT to delever the balance sheet. Do you think they could be in talks already?

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Comment by Moemoney42 on Mar 26, 2021 3:40pm

I noticed that too.. ya never know.. said it would certainly create better fundamentals to the balance sheet of VET.. Parex does have a nice balance sheet with profits and declining debt..! ;-)

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Comment by ThatAlbertaGuy on Mar 26, 2021 3:41pm

yeah I heard that as well , at first I kind of was shook as managment has said they are focused on debt repayment etc . But after hearing Eric's numbers on free cash PXT is sitting on and vermilion has low shares outstanding (they could buy it with shares ) might be a good deal for both . Will be interesting to see ! this is probably my favourite thing about VET as they are not ...more

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