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