Vermilion Energy Inc. T.VET

Read this.... Doesn't look good too me.

[stockmarket1]

2nd quarter results.... If ot doesn't work... Copy and paste. Comments should be interesting.... If any comment that is lol.. https://www.vermilionenergy.com/files/VET_Q2_2021_Report.pdf

[Natgasbc2021]

ffs I had a stop in place on Friday at 9$ and it didn't trigger for some reason... Now it's likely to dump hard Monday.. I dont like the report I expected better

[stockmarket1]

Seems that many here and other forums were far too optimistic. I scanned the results and I don't any debt paydown at all. Nothing impressed me. And the VET board says debt paydown is #1 priority? LAMO....ya, right. Where and what year!!?   Energy commidity prices have rocketed upwards and debt has NOT been dented! If they can't do it with these escalated prices then alll hope is

[Overertune]

Yeah don't understand how they lose that much on hedges. 

[lashing]

Long-term debt and net debt • Long-term debt decreased to $1.8 billion as at June 30, 2021 from $1.9 billion as at December 31, 2020. • Net debt decreased to $2.0 billion as at June 30, 2021 from $2.1 billion as at December 31, 2020, mainly due to a decrease in long-term debt of $164 million as a result of debt repayments. • The ratio of net debt to four quarter trailing fund flows from operations

[Overertune]

They are comparing to last year instead of last quarter.  The long term debt decreases but short term increases.  If you look carefully at the realized and unrealized derivatives, they are losing hundreds of millions!

[stockmarket1]

So, in your view. Is that good or bad? I enjoy other peoples thoughts. 

[gold_diggers1]

. Stockmarket1 - "...the 5 yr chart doesn't lie..." . Hmm.... Nevermind the 5-yr chart.  How about the 3-yr chart? . Just wondering about VET's trading on Monday by Anon....

[Tommy123]

This post has been removed in accordance with Community Policy

[stockmarket1]

And Eric Nuttall not buying VET, or wanting to buy it, has some people blazing??? Well, he knows his stuff a lot more than any of us and I don't blame him when he says " there are better stock to buy ".  Maybe he thinks that the current team that is running Vermillion are clowns. I mean, what happened to ----" our first and main priority is to pay down debt " 

[Oldnagger]

I doubt very much that management are clowns . The mark to market is the most likely cause of the seeming rise in debt levels. If management are reading this board then it would be great if they took a little more time to explain what is happening concerning the indicated debt levels.  Other than the debt everything else is as expected and very supportive of stock price increases !!

[stockmarket1]

Point granted O.N. Still one can't help with frustration.

[Overertune]

Net debt didn't reduce because the company hedges more ng at high prices for second half 2021.  Not bad.