Vermillion Energy is a Screaming Buy!Once in a lifetime opportunity to take a long term position in a company with a 13% dividend whose share price would only increase if the dividend were cut and it will not be cut but let's say that it was cut by 50% which would never happen, the SP would immediatly reboud because so much institutional money is on the sidelines with their fingers crossed hoping to get in on the day of the cut. How can you lose? Lock in a 13% Dividend or lock in an increased SP. Cannot lose!
The most likely scenario is that Brent will approach 75-80 and their will be a rush to return to VET because obviously at these high Brent Crude prices, they are making loads of money again.
Also, Trans Mountain Pipeline is under construction and all Canadian Energy stocks will triple once completed or maybe a year before.