Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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.

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Vermilion Energy Inc

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Comment by Steppenwolf55on Jul 18, 2019 11:12am

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Post# 29934585

RE:Div Cut but by how much.

CEO says no cut planned or necessary given VET's business conditions. What he wants to see is a higher share price. Said VET SP being dragged down by association with the oil sands companies. This in an interview on Bloomberg a few days ago when he was questioned directly about the sustainability on the dividend.

Of course Alberta Gas said that they were going to maintain their dividend a couple of months prior to their big cut, so I guess the question is really one of credibility. Are VET management honest or not?

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