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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Bullboard Posts
Post by largeinveston Oct 16, 2019 11:55am
128 Views
Post# 30236398

Insider activity

Insider activity Cambridge Global Asset Management, a unit of Toronto-based CI Investments, has filed its initial SEDAR report disclosing itself as a sizable shareholder of Vermilion. It now owns 17.06 million of Vermilion's 155 million shares. Cambridge says the report was triggered by its buying activity during September. The amount of shares bought during September was not specified, but Cambridge's support may have helped Vermilion's stock rise to over $24 from under $19 during the first two weeks of the month. Alas, the stock has since dropped back below $20. Vermilion has not issued any news in the last several weeks, beyond the regular announcement of its 23-cent monthly dividend, which currently represents a towering yield of 13.9 per cent. President and CEO Tony Marino has declared several times over the last few months that the dividend is completely safe and covered by Vermilion's cash flow.
Bullboard Posts