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 iceman2929on Dec 26, 2019 11:28pm

236 Views

Post# 30492674

RE:Vermilion will be crushed by 2 billion debt

How so? $2b @6.5% (which is not their overall debt cost) is $130m/yr. With capex under $500 and dividend around $400, debt seems very sustainable at current WTI prices (and if oil weakens, trim the divvy by 10-20% and debt service is fully funded.

If i were the company, i'd be using the cheap credit to buy back shares when they were yielding 14-15%.

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