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.

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Vermilion Energy Inc > Met expectations

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Post by downtozeroon Mar 08, 2021 5:38pm

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Post# 32745893

Met expectations

Reclamation and abandonment expenditures reduced the amount they could pay off on debt this year. The March presentation removes the "wedge" they had in February, probably because the current prediction of $350M FCF at $60 WTI is $50M less than the wedge showed, so the wedge can't be trusted - too bad. We'll see what tomorrow brings for stock price increase. Should be a positive outcome.

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Rig Count Soars as Utilization Surpasses Industry Averages