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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
Comment by largeinveston Feb 03, 2020 10:38am
96 Views
Post# 30633989

RE:RE:RE:Div cut for sure

RE:RE:RE:Div cut for sureWell it depends on your personal financial situation to whether you want a dividend cut or not.  If you rely on the income, probably not...or if you don't care like me, it doesn't matter..I will take the dividend or take a dividend cut and a share buyback..I could care less.  Whatever happens I don't see the company acting on the dividend until at least Mid summer, when they can better assess long term oil futures, and ttf gas prices.  There is nothing immediate in the cards.  One can always write call options to increase your income, even if they do cut the dividend...So IMO and in my own situation it doesn't matter.  

The only people demanding an immidiate 50% dividend cuts are the shorts...But I don't see how cutting the dividend would benefit the shorts...it would simply align the dividend yield with other oil and gas companies, ARX for example which is green today or WCP , and the freed up funds could be used to buy back shares and push up the stock while increasing cash flow and EPS each year.  
Bullboard Posts