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 > VET's low share float is KEY for the divy to come back

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Comment by PipelessPauperon Jul 29, 2021 8:58pm

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Post# 33630229

RE:RE:RE:RE:RE:RE:VET's low share float is KEY for the divy to come back

Youre leaving out 1 TINY detail there..
WTI was also $50 - $60 then TOO

ronster65 wrote: Just remember that (for those of you not here prior to the COVID crash) Analysts were already discussing how paying the .23 cent divvy was unsustainable and should be pulled back to .05 per quarter or eliminated due to the high debt.

Once again we will see on August 16 if this company is going to look at this second chance to put the ship on the right tack and be responsible or just run the ship aground like a bunch of drunken sailors!

I would rather see one more year of pain so that the sustainability of the divvy can be maintianed for years to come and not axed in the short term if and when oil prices come back down due to a lack of foresight.

The low float of shares outstanding is this companies only saving grace!