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 Commr51bkdon Feb 18, 2020 6:10pm

128 Views

Post# 30705372

RE:RE:$0.23 CDN Cash Dividend for March 16, 2020 Payment Date

Moe,

As I was reading this earlier today, i had the same reaction as you. I was trying to figure out why the company would delay the inevitable. I am guessing it is because the company gets to do a little dilution (not so little at today's prices), issuing shares instead of parting with cash. And the shares end up in strong hands (presumably). As well, it is possible that some of the insiders are acquiring shares in the company this discounted way (though I don't think that is the case).

Anyway, I am with you - I saw and still see no reason not to pull the plug. On the other hand, I am an American unable to participate in the discounted reinvestment plan. At least, though, my purchases are commission free.

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Two micro-cap stocks with strong fundamentals