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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Post by ronster65on Jun 14, 2021 10:20am
249 Views
Post# 33381204

Debt vs Dividends

Debt vs DividendsI am of the opinion that as long as interest rates remain at these levels, management will pay down debt as fast as possible while WTI is at these levels. Fed Chair is "hinting" that there will be a likely interest rate hike to stave off inflation. The free ride has to end. I think once we see the company bottom line improve, we may see divys return in 2022. IMHO this is short term pain for long term gain and will allow the share price to rise steadily while paying down debt. I believe we will see a significant debt reduction in the next Quarterly report, which should also boost the share price higher. We will see the company far healthier than it was pre COVID.  
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