Vermilion Energy Inc. T.VET

Wow...I missed this in the report....

[stockmarket1]

 Following the EU approval of the windfall tax, we elected to suspend share repurchases under our NCIB for Q4 2022 as we continue to prioritize financial discipline and assess the impact of the windfall tax on our debt targets. 

[Moemoney42]

Seeing as how VET is currently working with many of the European gov't regulators regarding implementation of the windfall tax, hopefully they can convince them that possible incentives for drilling can offset the tax.? I would think VET could table a strong case for investment to avoid taxes..? QUOTE: "We plan to announce our 2023 budget in early January as we take additional time to

[Chandler97]

Are govements completely retarded?  This is pure insanity.  Where is the incentive to produce more, if it's just going to be taxed into smitherenes. Less production, even higher prices.  F the EU. I didn't know that tax had actually been finalized. I thought it was still just a 'consideration'. 

[Quintessential1]

Yeah I hate to say it but a little forewarning like the one Canadian Federal government gave on the 2% buyback tax could have resulted in investment in lieu of dividends and buybacks and I am sure that is what VET's management is trying to explain to the EU now.  Hopefully it is not falling on deaf ears especially in Ireland.  All we really need is the Irish to let VET front load

[Quintessential1]

"As a reminder, all FCF from the Corrib acquisition accrues to Vermilion as at January 1, 2022 and will be netted off the final purchase price at the time of closing, which we now expect to occur in Q1 2023 due to administrative delays." Like this isn't being done to push that "windfall" into the next tax year.   LOL @ "admistrative delays"

[Pandora]

  Vermilion Energy to pay eight-cent dividend Jan. 16   2022-11-09 18:06 ET - News Release   An anonymous director reports VERMILION ENERGY INC. ANNOUNCES $0.08 CDN CASH DIVIDEND FOR JANUARY 16, 2023 PAYMENT DATE Vermilion Energy Inc. has declared a cash dividend of eight cents per share, payable on Jan. 16, 2023, to all shareholders of record on Dec. 30, 2022. The ex

[Pandora]

Also, from last quarterly report: (ie. no change in dividend) In conjunction with our Q2 2022 release, we announced a 33% increase to our Q3 2022 quarterly cash dividend to $0.08 CDN per share which equates to an annual dividend of $0.32 CDN per share, or approximately $53 million. Dividends will remain a key component of our return of capital framework as we seek to provide shareholders with a