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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 > To novice investors, strong oil prices only good for VET
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Comment by Moemoney42on Mar 31, 2021 10:02pm
283 Views
Post# 32920290

RE:RE:RE:RE:RE:RE:To novice investors, strong oil prices only good for VET

RE:RE:RE:RE:RE:RE:To novice investors, strong oil prices only good for VETYes exactly Oldnagger if I remember right VET just renegotiated for better terms less than a year ago but my memory isn't always that good.. A bit of debt on the books at these low levels of interest isn't always a bad thing.. as long as its put to work to maintain or increase cash flows..
Oldnagger wrote: Please refer to page 21 of the VET presentation. The credit facility is good till 2024 and the notes are good till 2025. With an FFO of $ 700 million per annum debt could be paid off in entirety by 2024.
It would of course be ridiculous of management to pay down all its debt while it is enjoying a 30 % FCF yield on its investment (almost as ridiculous as some of the posts seen here)
VET is a marvelous investment ( And that is not an April fools joke)


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