Vermilion Energy Inc. T.VET

This should be at 12$

[RevT79]

Easily 12$ with the price of oil at 63$
We can't stay above 9$......
just mind blowing!

[ThatAlbertaGuy]

i agree , but guess we will just need the solid Q1 numbers to support that . Just have to hold on while shorties play their games .  

[RevT79]

It's kinda laughable wti and brent are goin up and where heading down..... what I'm I missing here?

[stockmarket1]

100% agree with you here! At least $12!! Commodity prices affecting VET and the sector are raoring up while this either flatlines or heads south. No way should VET be under $9 ! VET has come out saying what they are doing in terms of improving the company all around and imho...I don't see them being rewarded. I'm not expecting this being over $20 or nears it's all time highs but I

[Overertune]

They have to come up with a plan to return to dividend. They don't need to pay off debt first. maybe any FCF above 400m goes to dividend or sth like that.

[hobbitnobbit]

An opportunity??

[stockmarket1]

Some I-diot believes Vet will sink below $6 ( $5.85 ish). Anyone else think that?

[Oldnagger]

I am still trying to figure out what it is that determines share prices.According to investment theory, the share price should be the net present value of all future payouts discounted at a rate that is consistent with risk.  For VET  a 6$ share price woiuld equate to a discount rate of well over 40 %, meaning that bankruptcy in the near future is highly likely. Utter Foolishness IMHO

[sportstermathew]

Wow, right on!!! An old colloquialism but suffices. Many are a deer in the headlights and won't see it till, well you know. Many arguing without facts are just arguing.   Energy is just one part of the make-up of what they do with oil products.  My room here would probably disappear without oil products.  Am I or anyone else going to stop buying these products

[Backinblack1000]

This post has been removed in accordance with Community Policy

[Tommy123]

This post has been removed in accordance with Community Policy

[Natgasbc2021]

I made a pile on VET in a month between Feb 19th and Mar 19 flipped back in over last week should have sold Friday morning on that reversal.. Im still a few pennies green on my recent buy but looks and feels wrong after Friday.. I will have itchy trigger finger tomorrow morning depending on WTI tonight/pre market...

[Oldnagger]

Prairiesky will be reporting Q1 after market close tomorrow. This is significant as they will be the first to report , and as a royalty trust are fairly broadly based. Q1 CF vs Q4 CF for the industry is expected to be up by about 40% Be careful about which way the gun is pointed if you are suffering from itchy trigger fingers !!

[Oldnagger]

OTOH Trudeau 's budget will be out also. What is he thinking? Don't know it doesn't seem to happen very often !!

[Moemoney42]

Exactly Oldnagger.. these royalty companies can be a proxy for the producers going forward.. Fact.. my royalty cheques have risen every month this year and it will be the same for all players.. the big difference is how they manage the increased revenues which will seperate the men from the boys..  ;-)

[Oldnagger]

Major take away from PSK is that both Crude and Nat Gas pricing were up a bit over 30 % on on unhedged basis(vs Q4 2020) they lost a small portion of their nat gas volume due to February freeze offs.

[Moemoney42]

Yes they put up some good numbers for Q1-21... most companies should be able to have those same advantages with firm pricing.. now of course the heavily hedged might not be as impressive.. but with that being said.. no company hedges 100% of their production so these price increases should benefit them all... some more than others though.. ;-)