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 > Research Report RBC 2021 Jan 20

<< Previous

Bullboard Posts

Next >>

Post by anon314on Jan 20, 2021 11:22am

359 Views

Post# 32333702

Research Report RBC 2021 Jan 20

From Greg Pardy (Co-Head Global Energy Research), RBC Dominion Securities Inc

Vermilion unveiled a 2021 budget that pointed towards mid-point production of 84,000 boe/d and a refocused capital spending program of $300 million aimed at its most attractive projects. Fundamentally, the company’s budget seeks to maximize free cash flow earmarked for debt reduction. We are maintaining a Sector Perform recommendation on Vermilion and boosting our one-year target price by $1 (14%) to $8 per share.

<< Previous

Bullboard Posts

Next >>

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity