RE:Earningsretired, the loss was due to the hedge book and reduced nat gas production from Coriib in Ireland due to planned and unplanned downtime. Going forward, using the current strip, Vermilion projects a payout ratio less than 100% for 2018. Under a rising oil price scenario, VET shares will appreciate. I expect a share price in the 50s in 2018. And with a current dividend yield of almost 6%, there isn't much to complain about.