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 DukesMtlon Mar 08, 2020 10:29pm

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Post# 30781724

RE:RE:RE:I think Covid will wreak havoc on the economy and oil

Reducing the DIV was simply a prudent move in todays climate. It was the smart thing to do! Protect the balance sheet during these times of uncertainty with the Epidemic & low commodity prices.

VET will weather the storm and prosper greatly during the next oil bull market which will happen, it's just a matter of when.

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