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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 > Vermilion Energy Lowers 2021 Exploration Budget To $300M
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Comment by shakkaon Jan 19, 2021 11:20am
253 Views
Post# 32326273

RE:RE:RE:Vermilion Energy Lowers 2021 Exploration Budget To $300M

RE:RE:RE:Vermilion Energy Lowers 2021 Exploration Budget To $300MBudget is set at $37 WTI. Its to set a floor for the capital program for this year. Also shows the upside potential in generating FCF above $37 WTI.

I think the additional $50 million for the capital program in Q4 will happen if oil stays in the $50's range. 

They also said that bringing back the divvy/share buy back doesnt require them to hit their Debt/CF of 1.5x. They want to see stabilization in oil prices first. 

I honestly think we see a divvy return sometime this year. I'm OK if there isnt a divvy but the stock price moves up instead. That also works for me. I would prefer they cancel shares at this price TBH. 

Good Luck


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