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 > Dividend timeline.

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Comment by Maxmoeon Nov 29, 2021 5:09pm

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Post# 34177547

RE:RE:RE:Dividend timeline.

I don't want to whizz in your cornflakes but it's a bit self ingratiating to applaud being "within pennies" if your prediction at $55 oil, (we are way past that ) was between double and quadruple what was announced. Points deserved for guessing the dividend being announced at all.

CashGreenGold wrote: .... and this is where i take a bow for calling that within pennies..

"CashGreenGold - (11/9/2021 5:29:35 PM)
RE:Dividend timeline.
5-10% of FFO @ 55 oil puts the divvy at 12.6 cents to 25.2 cents in Q1"

CashGreenGold wrote: 5-10% of FFO @ 55 oil puts the divvy at 12.6 cents to 25.2 cents in Q1

divime1 wrote:

We plan to reinstate a dividend in Q1 2022. Although it is still subject to board approval, our intention is to reinstate a fixed quarterly dividend (5-10% of FFO stress-tested at lower prices including US$55/bbl WTI) while continuing to focus on debt reduction. As further debt targets are achieved we will consider augmenting our return of capital through fixed dividend increases, share buybacks and/or special dividends. We will provide more details on our return of capital framework with our formal 2022 budget release in early December.