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 Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.

TSX:VET - Post by User

Vermilion Energy Inc

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Comment by oakesyon Jul 17, 2019 5:18pm

113 Views

Post# 29931822

RE:dividend

Why would VET trim the divi ? Presently theres no debt service issue that would require diverting funds from divi payout . The lower share price doesnt mean VET pays out more cash.

The cash flow from operations in Canada and Europe covers the capex , debt payments and dividend payout .

The chairman Lorenzo Donadeo owns 3 million VET shares . Thats 8 million $ a year .
Thats how to get super rich.

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