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 > goes down with WTI but not up with WTI

<< Previous

Bullboard Posts

Next >>

Comment by stockmarket1on May 25, 2021 6:44pm

156 Views

Post# 33264932

RE:RE:RE:RE:RE:goes down with WTI but not up with WTI

Although nice but, they don't need to pay down debt 100%. I doubt any company does that. Every company has some sort of debt. That said.....at $60 wtif & Brent...I believe VET generates $350 - $400 million a yr in FCF. Someone can clarify that if I'm wrong. So, as long as -- let say -- 50% gets paid down, I think the street would be very happy with that, and that would also give VET cushion for a dividend re-intoducion. Also, there are options to buy back shares, sell - off unvaluable assets, drill again or even buy assets to bolster it's balance sheet. Once FCF takes front and center....VET will be in great shape.

Society will still be using up gas etc for many years to come. The end of oil and gas....I guarantee that I won't see that happening in my lifetime. When you get in your car and drive, take a look around? How many gas vehicles do you see driving around and how many gas stations? Enuff said. The Economy is opening up full force soon enough.

People running Vermillion are a lot smarter than us. They see more than us so....I'm quite sure they know what's going on. Big picture.

Tommy123 wrote:

geemonet wrote: When they reduce their massive debt load and reinstate a div. So... 2-3 years at current prices. Keep buying if you've got the money.

There's support arounf $6 a share. But VET's debt might take years to totally pay down, which is concerning to me. Dead money until then IMO.