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 emmitton Dec 27, 2019 9:37am

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Post# 30493324

RE:RE:RE:Vermilion will be crushed by 2 billion debt

at $57 WTI, VET dividend to FFO payout was 105%. I think they need $60 WTI to break even with their over inflated dividend, the company is sustainable if oil prices stay high. Keeping in mind they will start fazing our DRIP program which will probably mean they will need $60 WTI to just sustain the dividend. I have a hard stop at $20 as this ship could rock either way.
I still don't like that management is not alligned with share holders. Still hoping for a dividend cut and a sale of non core assets to help balance sheet.

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