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 > Debt reduction

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Comment by Oldnaggeron Mar 09, 2021 12:27am

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Post# 32749958

RE:RE:RE:Debt reduction

The 75 million based on FFO less Capex reduced Long Term Debt. but the Net Debt as of year end was reduced by only 30 million due to an increase in working capital ( probably related to the higher inventory costs due to increased product prices , but there could be many other factors as well ).
That is as deep as i have gone into the financial statements but others may wish to go deeper

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