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.

TSX:VET - Post by User

Vermilion Energy Inc

Bullboard Posts

Post by largeinveston Oct 25, 2019 12:12pm

208 Views

Post# 30269835

Earnings, capex budget and 2020 dividend plan

All come out next week!! Given the strip price of AECO is up .50c from even a few months ago, which will add about $26 million in free cash flow to VET, I don't see them cutting the dividend...Brent and WTI strip prices are around where VET would pay out 100%...They may cut capex by $50 millionish over 2019, but that would be about it.

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