August 12 CEO presentation- Oil and Gas ConferenceVery compelling. 28 minutes. Addresses dividend cut speculation at 8.00. He said it won't happen, it is self-funded, they would cut capex first, and it is actually the lowest payout ratio since 2008. He goes on to talk about free cash flow, portfolio diversification, product mix/profitability and hedging. Regarding the latter, he said said that Euro gas (1/3 of free cash flow) is 70% hedged for 2019 and 2020 and to a somewhat lesser extent for 21 and 22. The NA oil portfoilio is also hedged (didn't mention the %) at prices reflect current pricing....which their models say sustain their business plan.
https://www.theoilandgasconference.com/vermilion-energy-inc/