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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Post by Commr51bkdon Nov 29, 2021 1:37pm
221 Views
Post# 34176508

No dilution, accretive to earnings

No dilution, accretive to earningsWhat is not to like about this purchase of Corrib interest of Equinor's?

I was rather expecting activity in the Netherlands, and had thought that Corrib was in decline.  But, it is a decent addition to their reserves, is paid for quickly, and no penalty to the shareholders.

The 0.06 a share per quarter was about what I was expecting.  I think this is really quite good for Vermilion and I will continue to hold.  At 14000 shares, I am no longer accumulating, but look forward to receving a stream of dividends until my target price is reached.

GLTA
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