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 > look at the charts

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Comment by stockmarket1on Jul 20, 2021 10:45pm

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Post# 33579779

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:look at the charts

Totally agree with your statement about a turnaround story. It is which is why it's so frustrating seeing the share price so low. It takes time, I get it, but it sure would be nice to cut the debt in half asap! Seems like we all can't wait for that lol. Hopefully, the share price soon kicks in and gets rewarded a lot sooner than later imho. It be nice to get back into double digits though.

PipelessPauper wrote: At 85,000 boe/d, (estimate - but they did 86,270 in Q1) that’s ~ 31,025,000 boe / year,

if the price holds at ~ $70 WTI... that’s $2,171,750,000 FFO for the year.
they currently have ~$1950 mm in debt.

I was speaking with IR rep today, and he confirmed their target of 1.5x debt to FFO

... meaning they’re already there (if prices continue to year end).

My guess is the company plays it safe and waits till Q3 or Q4 report come out before re-instating the div. Might as well be patient and play it safe at this point.... they’re only a few months away from being home free.

What a change from 2020 Q2- when they had 1 foot in the grave and climbing in....
THIS has to be one of the best turnaround stories of ALL listed companies in the last year. But you wouldn’t know it from the share price.