Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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 > My Question IS,,,,,,

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Comment by Aurum1983on Nov 11, 2021 2:49pm

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Post# 34116324

RE:RE:My Question IS,,,,,,

post your position if you say you own it.

Tired of reading your mindless yapping with nothing of substance.

Here is your answer -

Yes i have heard some liars before but this fool is in his own league and has quite a few screws loose. First of all i also never said that they should not pay down debt. I also never said that they were going to reinstate a dividend except that they could start paying one. In fact they are planing to start paying one in the next few months. Although i would like a dividend getting debt under controll once and for all is more important right now.

In fact this quarter was quite good the problem is there are to many people out there like our dumb friend Squint who cant read a financial statement. They had large hedging losses which are really not losses but profits that could have been had. Those hedges were to protect themselves as things were not looking very rosy a year ago. Even with those losses they still had FFO of $262 million that is over $1 billion annualized. And that is with oil and gas prices quite a bit lower than they are now.

The debt didnt go down as much as it could have in the quarter because they made an asset purchase in Wyoming of $76 million US or aprox. $95 million Cdn. Even with that purchase debt went down aprox. $ $75 million. By years end they are forecasting debt to be aprox. $1.65 billion. Take out the $95 million for the asset purchase and debt would have been around $1.55 billion. They are forecasting FFO of $ 1.050 billion or more next year. So by the end of the year without the asset purchase debt would be at less than 1.5 times FFO and even with the purchase which will add 1500 barrels of production and a lot of land in Wyoming debt will still be quite close to the 1.5 ratio. and will be at 1.5 within a few months.

So Squint is not only a liar he cant read a financial statement at all. No wonder he is such an angry fellow as as dumb as he is he must have lost every penny he ever had in the markets.

And for a guy who stated that he doesnt read my posts he sure seems to follow every word i write and then makes up things i never said.

Liar liar pants on fire.