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

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Comment by PeterWrighton Feb 10, 2020 10:49am

80 Views

Post# 30667572

RE:Survival of the Fittest

The dividend can't be the last item on the chopping block. They are already over 100% total payout, so if they cut Capex, then cash flow is reduced and they have no ability to pay dividend. That kind of approach would put them into a death spiral. I think VET will really look at dividend if we don't average at least $55 WTI. I think it's $57 WTI required to be a 100% payout. Time will tell.

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