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.

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Vermilion Energy Inc > Yesterday interview on Bloomberg

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Comment by CashGreenGoldon Sep 30, 2021 2:42pm

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Post# 33946941

RE:RE:Yesterday interview on Bloomberg

Beat me to it Scalrda..... I don't know how many times ive had to clarify this

But I'm an accountant. I get most ppl just read f/s and that's it

sclarda wrote: bossu wrote

The CEO is expecting $ 400 M free cash flow this year and apply it on debt repayment and reduction to under $ 2-0 billion and see a debt reduction to $ 1-5 B in 2022 and reintalling a dividend by 2022.
Of course very nice comment to hear.

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Actual long term debt at the end of the second quarter of this year was $1.769 billion dollars. Total debt includes hedging losses etc. that are not really a debt but treated that way for accounting purposes.

At current oil prices in the second half of this year VET should have cashflow of well over $200 million.

By the end of this year VET should have long term debt down to around $1.5 billion and have huge free cashflow in 2022.