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 > Brent is trading over $ 51

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Comment by shakkaon Dec 16, 2020 10:45pm

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Post# 32125597

RE:RE:RE:Brent is trading over $ 51

VET was trading at $20 when WTI was around $50. So this has a ways to move. We will need a catalyst to get this moving. If they re-instate a divvy, even a small one that would send a strong signal to the market.

Priority is debt repayment to get the leverage down to 1.5. With Oil prices increasing we should generate enough FCF to but a dent on the debt and re-instate a small divvy.

JMHO

Shakka

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