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 > Why VET still under $10?

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Comment by stockmarket1on May 17, 2021 3:34pm

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Post# 33215643

RE:RE:RE:RE:Why VET still under $10?

Well said. Personally, I don't expect a dividend returning by the very least mid 2022. And that's providing WTI and Brent remain well above $60 for the remain 2021 & 2022.

If they can get the debt paid down to just below $1B ( 50% from current level ).....that would be a much more comfortable position. Of course, even lower would be ideal but......just saying.

alta0264 wrote: The only thing VET can do for now is pay down debt and sustain production. There will be no return of capital to shareholders in dividends or share buybacks until debt is well in hand and a little more certainty as to the prospect for the energy markets going forward. Options are limited and for now this is best use of FCF. As shareholders we wait or move along IMO.

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