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 > Free cash flow

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Comment by Nystromon Feb 09, 2021 6:36pm

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Post# 32520172

RE:RE:RE:RE:RE:Free cash flow

I don't understand how that makes sense though.

If VET states all expenses, including cap ex, breakeven is at $37 WTI

Then 85,000 BPD x $23 (60-37) = almost 2M FCF per day or over 700M FCF / year

I know there is a cost of heding which is roughly 30% of nearterm production (higher on ng and lower on oil).

In Q3 2020 Vet had 83M FCF at $41 WTI so how could they only have 400M FCF in an entire year at $60?

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From now on, dynaCERT instead of Bitcoin or NVIDIA?