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 > Main points of VET's Prez BNN interview

<< Previous

Bullboard Posts

Next >>

Post by EnergyWatcher55on Sep 24, 2021 12:55pm

289 Views

Post# 33914467

Main points of VET's Prez BNN interview

1)-VET is getting $35 for nat gas versus $4 in western Canada.

2)-Debt to cash flow target is 1.5x or less by mid 2022 or sooner. 2.0x expected by year-end compared to 4.0x at start of year.

3)-Divy to start small between 5% to 10% of cash flow by 2022 or sooner

4)-Special divys (like the one announced by Tourmouline yesterday) and stock buybacks are on the
table.

All of which depends the commodity prices.

<< Previous

Bullboard Posts

Next >>

B2Gold stock buckles under news of labour strike in Mali